Shopify Inc. (NYSE:SHOP) Shares Ticking Down Ahead of Session

Shopify Inc. (NYSE:SHOP) shares are moving lower ahead of the market open, gapping down -2.28% as the stock currently sits at $856.00 before the bell.

There are many factors that may influence stock price action. One of the most influential factors is company earnings. Company earnings reports can be extremely important for investors. Earnings reports have the ability to let investors know how well or poorly a company has been performing. Investors may try to capitalize on trading around earnings announcements. This can be a very tricky venture and may be quite risky. Studying stock price movements around earnings reports can sometimes be confusing. Often times a company will post better than expected numbers but the stock will drop in price. On the other side, shares may see a bounce even after disappointing results. Analysts try to project what numbers the company will post, but they may not be accurate for a variety of reasons. Following analyst estimates around earnings reports may be helpful, but it may be wise to proceed with caution if only going on what the analysts are saying.

Shopify Inc. (NYSE:SHOP) shares are seeing negative momentum as they gap down ahead of the bell.

Stock market investors are typically searching for solid quality companies to help boost the portfolio. There are plenty of quality companies out there, the tricky part may be determining what constitutes as quality. Many investors look for companies that are solid sales leaders within a market that is growing. Going further, investors may be studying a company’s proven track record and gauging the competence of current management. Adding other factors such as brand recognition and prospects for steady growth, investors may eventually find a company that is worth taking the risk for future returns.

Recent Price History

Shopify Inc. (NYSE:SHOP)’s performance this year to date is 122.64%.  The stock has performed -6.76% over the last seven days, -12.61% over the last thirty, and 8.30% over the last three months.  Over the last six months, Shopify Inc.’s stock has been 162.80% and 169.20% for the year.

SMA

The simple moving average is the most common method used to calculate the moving average of prices. Shopify Inc.’s 20-Day Simple Moving Average is -14.47%.  Extending back, their 50-Day Simple Moving Average is -14.61%, looking even further back, their 200-Day Simple Moving Average stands at 27.90%.  

Successful investors are usually adept at expecting and reacting to sudden change. Things may be all roses when the markets are riding the bulls higher, but environments shift and can leave investors suddenly in the lurch. When times are good, investors may be well served by maintaining a watchful eye on the portfolio. Becoming complacent when everything seems to be working can become a disaster very quickly without the proper attention. Setting up a plan for different market scenarios can greatly benefit the investor. Routinely studying portfolio contents may help when the need to release some underperformers comes. Keeping close tabs on the portfolio may also help fend off a personal panic if events take a dramatic turn for the worse.

Disclaimer: Nothing contained in this publication is intended to constitute legal, tax, securities, or investment advice, nor an opinion regarding the appropriateness of any investment, nor a solicitation of any type. The general information contained in this publication should not be acted upon without obtaining specific legal, tax, and investment advice from a licensed professional.

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