SHOP - Shopify Inc.

NYSE - NYSE Delayed Price. Currency in USD
338.31
-18.32 (-5.14%)
At close: 4:02PM EDT
Stock chart is not supported by your current browser
Previous Close356.63
Open356.53
Bid337.50 x 1300
Ask338.00 x 800
Day's Range337.64 - 357.50
52 Week Range117.64 - 409.61
Volume2,645,598
Avg. Volume2,145,330
Market Cap38.149B
Beta (3Y Monthly)1.26
PE Ratio (TTM)N/A
EPS (TTM)-0.71
Earnings DateOct 23, 2019 - Oct 28, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est361.92
Trade prices are not sourced from all markets
  • Shopify, Chipotle, Paycom Among 7 Big Winners That Just Triggered This Long-Term Sell Rule
    Investor's Business Daily

    Shopify, Chipotle, Paycom Among 7 Big Winners That Just Triggered This Long-Term Sell Rule

    While the Dow Jones nears highs, Shopify, Chipotle, Paycom, Starbucks, McDonald's, Alteryx and Universal Display triggered a long-term sell rule last week.

  • Is Shopify Stock A Buy Right Now? Huge Stock Market Winner Is Flashing A Long-Term Sell Signal
    Investor's Business Daily

    Is Shopify Stock A Buy Right Now? Huge Stock Market Winner Is Flashing A Long-Term Sell Signal

    Shopify has been a huge winner in 2019. Earnings are booming and the company plans to compete more with Amazon. But with software stocks under pressure, is SHOP stock a buy now?

  • Benzinga

    'Fast Money' Traders Share Their Thoughts On Shake Shack, Shopify And More

    On CNBC's "Fast Money Halftime Report," Sarat Sethi said that he owns Blackstone Group Inc (NYSE: BX) for a while. If your timeframe is longer than the next 12 months, you want to be in Shopify Inc (NYSE: SHOP), said Joe Terranova. Margaret Reid owns UnitedHealth Group Inc (NYSE: UNH).

  • Financial Times

    Shopify: crossing the Amazon 

    It takes a brave company to challenge Amazon’s vast ecommerce business. But Shopify, the second-largest online shopping company in US markets, has a $1bn plan in motion.  Adding warehouse and delivery ...

  • 2 Big Reasons to Embrace Weakness in Shopify Stock
    InvestorPlace

    2 Big Reasons to Embrace Weakness in Shopify Stock

    The mighty and unstoppable Shopify (NYSE:SHOP) stock -- which from late December 2018 to late August 2019, rattled off an impressive 200% gain in almost straight-line fashion -- finally hit a road-bump. In September 2019, amid a massive shift in equity markets from momentum names to value names under the impression that the U.S. economic outlook is improving, SHOP stock got killed.Source: Paul McKinnon / Shutterstock.com Month-to-date, Shopify stock is down nearly 10% -- and we are only a few trading days into September. For what it's worth, this marks the biggest and sharpest correction in SHOP stock since late 2018.Is the epic rally in SHOP stock over? Or is this simply an opportunity to buy the dip in a secular winner?InvestorPlace - Stock Market News, Stock Advice & Trading TipsI think the latter. But patience is key. At current levels, Shopify stock is still fundamentally overvalued. Plus, the unwinding of the momentum trade could persist. But if the current weakness continues for a bit longer, then the stock will become undervalued and the momentum-trade unwinding will be over. * 10 Stocks to Sell in Market-Cursed September Consequently, investors should welcome this weakness in SHOP stock. This high-flying equity simply went too far, too fast. Now, it's coming back down to earth. Let it come down some more. Then, once the fundamentals, optics, and technicals all give buy signals, go ahead and buy the dip in this long-term winner. The Fundamentals Make More Sense NowIn plain English, the Shopify growth narrative has been so good that investors crowded into SHOP stock in 2019 without regard for valuation. This caused SHOP stock to explode higher. For a long time, it exploded higher with improving fundamentals. But recently, shares simply got too high -- that is, the valuation started to lose touch with the fundamentals.Now, Shopify stock is correcting lower. Eventually, the valuation and the fundamentals will be in sync again.In numbers, Shopify's gross merchandise value (GMV) was about $40 billion last year, up an impressive 56% year-over-year. But that $40 billion represented just about 1.5% of all global e-retail sales. Importantly, Shopify's share of the global e-retail sales pie has climbed from 0.8% in 2016 to 1.1% in 2017, and to 1.5% in 2018. Further, it projects to be around 1.8% this year. In other words, you have a rapidly growing player in a huge addressable market.Project it out. Given the current decentralization, the rising gig economy, and direct retail trends, it is very likely that Shopify's e-retail share continues to scale towards 5% or more by 2030. Additionally, some contribution will come from the offline segment (which Shopify is aggressively expanding in). Assuming so, Shopify could easily be a $500 billion to $600 billion-plus GMV player by 2030. That makes sense given that Shopify, at scale, reasonably projects as the store-front for millions of merchants globally.Gross margins are big (55%-plus), and the opex rate (also around 55%) has tons of room to fall with robust revenue scale. I think Shopify will wind up a 60% gross margin player with a 30% opex rate, implying 30% operating margins on billions of dollars in revenue. Net-net, I think that earnings per share by 2030 will wind up somewhere between $20 and $30.Based on an application software industry average 35-times forward multiple and 10% discount rate, that equates to a 2019 price target for SHOP stock of somewhere between $270 and $400. That averages out around $340, roughly where SHOP stock is trading today. The Optics Will Improve, SoonIn addition to the fundamentals starting to make sense again, the optics -- which have turned sharply negative over the past two weeks -- will start to look good again within the next few days to weeks.The idea here is pretty simple. Throughout the summer, investors were rattled by recession and economic slowdown fears. Those fears ultimately caused investors to ditch economically sensitive value stocks that required good numbers to head higher. Conversely, they piled into momentum growth stocks like SHOP that didn't require a good economy to head higher (because they had such strong secular tailwinds). Click to Enlarge Source: Charlie Bilello Now, though, signs are starting to emerge that the U.S. economy is going to be fine, meaning that the recession fears which dominated the investment landscape over the summer were overstated. Investors are responding by unwinding the crowded momentum trade which dominated the summer. That means they are selling momentum growth and buying beaten up, economically sensitive value stocks.This unwinding could persist for the next few days to weeks. But it will end, and soon. As the attached chart shows, the momentum/value performance divergence widened to decade highs this summer. The current shift out of momentum and back into value is just a reversion to the trend line, which is still pointing sharply up.We are getting close to fully reverting to that trend line. Once we do fully revert there, momentum stocks will likely come back in favor, meaning Shopify stock should start to head higher again soon. Bottom Line on SHOP StockSHOP stock is a long-term winner. But in the summer of 2019, this long-term winner sprinted ahead of the fundamentals. That is, Shopify stock became too richly valued for its own good.Now, Shopify stock is very naturally and healthily retreating to more sustainable and fundamentally supported levels. This retreat isn't over yet. But it will be over and soon.As such, investors should embrace the recent weakness in SHOP stock. Ultimately, it will turn a golden buying opportunity into a long-term winner.The level I'm watching? $300. I'm not sure SHOP stock will get there. But I hope it does, because I think that would be a great level to add more exposure for the long haul.As of this writing, Luke Lango was long SHOP. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Sell in Market-Cursed September * 7 of the Worst IPO Stocks in 2019 * 7 Best Stocks That Crushed It This Earnings Season The post 2 Big Reasons to Embrace Weakness in Shopify Stock appeared first on InvestorPlace.

  • Vecna Robotics CEO steps down
    American City Business Journals

    Vecna Robotics CEO steps down

    After twenty months in the job, the CEO of Waltham-based Vecna Robotics Inc. has stepped down.   Daniel Theobald has taken over the CEO role from Dan Patt, a former Defense Department official who was appointed as chief executive in January 2018 and handled the company's spinoff from parent company Vecna, a spokesperson confirmed to the Boston Business Journal. Theobald, who co-founded Vecna in 1998, is also a co-founder, president and board member at MassRobotics, a nonprofit dedicated to fostering young robotics companies in Massachusetts. Vecna Robotics, which makes a series of autonomous robots aimed at the warehousing and logistics industry, is an independent corporation.

  • 3 Tech Stocks to Buy and Short
    InvestorPlace

    3 Tech Stocks to Buy and Short

    Terrifying and quick-to-counter terrific headline tweets are no way to buy or sell tech stocks. In today's often volatile market, trusting the price charts of Adobe (NASDAQ:ADBE), Twilio (NYSE:TWLO) and Shopify (NYSE:SHOP) and applying smart trading strategies to those decisions is the only way to navigate and profit in a daily and ongoing trade war. Let me explain.August was undoubtedly a tough one for the market and even more so for many technology stocks. For a time and in the first part of the month, countering trade war jabs from the U.S. and China and an inverted-yield curve got the better of Wall Street. And let's just say, conditions turned quickly ugly on the price charts of most risk-assets.But given the medium of Twitter and unusual negotiating skill set of POTUS, taking any particular day's headline and message to the market as written in stone is a fool's game. And by the second half of August, Wall Street was already picking up the pieces. On Aug. 13 the broader indices quietly scored a bullish and historically robust follow through day amid still chaotic headlines and uncertain political theater.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Battered Tech Stocks to Buy Now At the end of the day, investors have to ask themselves if it's better to react to the loose cannon in charge or proactively listen and watch the price charts for clues to what the future holds. When it comes to tech stocks ADBE, TWLO and SHOP, the decision of whether to buy or short shares is an easy one. Tech Stocks to Buy: Adobe (ADBE)Adobe is a large cap, household name that has been around nearly as long as Microsoft (NASDAQ:MSFT) and Apple (NASDAQ:AAPL). And right now the ever-popular software graphics powerhouse is setting up as a buy.On the weekly price chart, shares of Adobe are testing prior pattern resistance and the 38% level for support as stochastics sets up in oversold territory with a bullish crossover signal.My suggestion is to allow for a bit of price confirmation on the weekly time frame before buying ADBE stock. As we move into the second half of the trading week, a move through $285 with an initial stop-loss of 5% looks about right, without waiting on a picture-perfect entry. Twilio (TWLO)Twilio is sending a loud and clear message to short shares on the weekly price chart. The in-app communications specialist is a high-profile growth play. Still, as any seasoned investor knows, even the best stocks go through corrections from time to time. Right now appears to be one of those periods. * 7 Strong-Buy Stocks Hedge Funds Are Buying Now Currently TWLO stock has broken below bear flag support this week. Shares are slightly oversold as evidenced by Twilio's stochastics and price action pressed into the lower Bollinger Band. As such, I'd wait for a small counter-trend rally before positioning. More importantly, given this tech stock's bullish run over the past two years, its troublesome failure through trendline support and its wide Fibonacci zone that's still untested, this one is a short! Shopify (SHOP)I'm a buyer of cloud-based business solutions platform Shopify, but only if today's price support holds. The weekly chart shows SHOP stock is challenging trendline support and prior pattern resistance tied to a high-level corrective base.Ultimately and similar to TWLO, Fibonacci support still isn't in play and that's obviously a concern. As stated above, all stocks, even a great growth story like Shopify, is bound to have periods of bearish price action which will test bulls' mettle. And given this technology stock's impressive rally in 2019, that point is all the more important to prepare for.Given the potential for more impactful and not necessarily benign volatility, I'd advise using the SHOP stock daily chart. The lesser time frame shows a bullish stochastics crossover in oversold territory as weekly technical support is being tested. If necessary, exiting below this week's lows if shares fall beneath $333 makes good sense both off and on the price chart.Disclosure: Investment accounts under Christopher Tyler's management do not currently own positions in securities mentioned in this article. The information offered is based upon Christopher Tyler's observations and strictly intended for educational purposes only; the use of which is the responsibility of the individual. For additional market insights and related musings, follow Chris on Twitter @Options_CAT and StockTwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Sell in Market-Cursed September * 7 of the Worst IPO Stocks in 2019 * 7 Best Stocks That Crushed It This Earnings Season The post 3 Tech Stocks to Buy and Short appeared first on InvestorPlace.

  • Benzinga

    Shopify Will Acquire 6 River Systems For $450 million

    Shopify (NYSE: SHOP), which offers commerce platforms for both traditional and e-commerce retailers, will acquire 6 River Systems as a means to increase fulfillment efficiency in Shopify warehouses. The acquisition comes three months after Shopify announced its Shopify Fulfillment Network–a powerful effort to promise timely deliveries, excellent customer service, and low shipping costs.

  • Why Is Roku Stock Tanking Today?
    Market Realist

    Why Is Roku Stock Tanking Today?

    Roku (ROKU) stock has fallen 10.7% today to $143.75, 18.6% below its 52-week low. The streaming platform's stock has fallen 16% over the last two days.

  • Shopify Acquires Robotics Firm As It Takes On Amazon In E-Commerce
    Investor's Business Daily

    Shopify Acquires Robotics Firm As It Takes On Amazon In E-Commerce

    Shopify will accelerate the build-out of a distribution network to store and ship products for merchant customers by acquiring 6 River Systems for an estimated $450 million, analysts say.

  • Barrons.com

    Shopify’s Robot Company Purchase Will Help It Compete With Amazon

    Shopify said it acquired 6 River Systems, which provides warehouse fulfillment solutions and automation robots. That’s expected to enable big cost savings and efficiencies.

  • 3 SaaS Stocks to Buy Now: OKTA, TWLO, TTD
    InvestorPlace

    3 SaaS Stocks to Buy Now: OKTA, TWLO, TTD

    On Monday morning, while the rest of the markets were rising, a few stars fell out of the sky. Incredible momentum champion stocks like Okta (NASDAQ:OKTA), Twilio (NYSE:TWLO) and The Trade Desk (NASDAQ:TTD) had a really bad day. What made it seem worse is that this was happening while markets were enjoying a nice rally. Even the mighty Shopify (NYSE:SHOP) suffered. Some of the 2019 winners are stocks to buy now.This dip may be a great opportunity to add a little risk to your portfolio. Logic suggests that if the overall stock markets are headed higher, then OKTA, TWLO and TTD stock will find footing and rally too. Onus is still on the bears to prove that they can sustain the selling in these three Software-as-a-service (SaaS) stocks. Until then, dips are buying opportunities. * 7 Best Stocks That Crushed It This Earnings Season OKTA, TTD, and TWLO stocks all fall under the umbrella of SaaS stocks and this rising sector not a fad. SaaS is a movement that Salesforce.com (NYSE:CRM) started years ago, and now, the whole world has adopted it. The best example of this is Microsoft (NASDAQ:MSFT) and how well they switched to the subscription model versus selling individual software hard copy releases and upgrades.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Okta (OKTA)When I say OKTA had a bad day, it is most definitely a relative statement. Year-to-date Okta stock is still up 71% -- so this is by no means a catastrophe yet. This is 3 times better than the NASDAQ Invesco QQQ Trust (QQQ) for example.A few red ticks do not not erase the enthusiasm in the stock. But technically, the rise in OKTA stock was so fast that it left weak hands below. Meaning there are fast profits that could shake out quickly on bad days. But every dip builds a stronger base. That's why this one may actually be a good entry point opportunity for the next few months.OKTA is not a cheap stock. the company loses money and sells at 35 times its sales. Clearly, if the markets in general correct, it would leave OKTA stock vulnerable for much more pain ahead. So the those looking to trade it shorter term should use tight stops.The lines to trade OKTA for the short term are clear. Once it lost $125 per share, $110 became the target and that filled on Monday afternoon. So from here the bears will have to work a lot harder to go much further. The zone below Monday's low is support. Below $100 per share OKTA could fall another $10 before it would hit the next pivot level.For investors who believe in the longer-term profit potential for the company, they should just buy the stock on this dip. I personally prefer to do it through options. Buying calls or shares here carries a lot of hopium. I'd much prefer selling the November $80 puts for the chance to generate income without even needing a rally. If OKTA stock stays above my level then I achieve maximum gains. Worst case scenario I keep my profit and own the shares at a 25% discount from Monday's close. I don't accrue losses unless OKTA falls below $79 per share. Twilio (TWLO)Twilio stock is also expensive as it sells at 25 times its sales. Clearly Twilio is also bloated based from traditional valuations. However, the company is poised to continue to benefit from the expansion of software services. So I don't judge entirely on today's valuation metrics. As long as they grow their top line, the P/E almost doesn't matter -- for a while at least.Nevertheless, there is risk from the charts. Once TWLO stock lost $120 per share, it triggered a bearish pattern with about $20 of potential downside. So far, it has priced in almost half of it as of Monday. So here it could bounce a little before it finishes the rest of the pattern.If I catch the Twilio stock knife today, I should know that there might be more pain ahead. So it's a good idea to start with half a position then add to it to manage risk if needed. As far as levels, TWLO stock has a pivot near $102 per share. This is not a hard line in the sand but rather a rubber band zone.For the same reasons as above, I like TWLO here or if it finishes the bearish pattern.Just like with OKTA, TWLO stock bulls have the responsibility to prove that these red candles are a mere shakeout of weak hands. And that the control is still in their hands. If I'm already long TWLO, then I stay long it into the support below. If I'm looking for an entry point, this dip is as good as any especially if I do it in tranches. * 10 Stocks to Sell in Market-Cursed September Alternatively, I like to sell downside puts into what others fear. For example I can sell the TWLO November $85 put and collect $2 to open. This way Twilio stock can fall 25% and I can still retain my maximum gains. If it does fall that much, I end up long TWLO stock and break even at $84 per share. The Trade Desk (TTD)TTD stock also lost its footing near $230 per share and is almost completely at the measured target of $200 per share. That is an important number because it is also the point of control for the whole year. Meaning the bulls and bears like to fight hard over it. The TTD 10-month range is huge as it rallied 180% off of the December lows. Coming back to $200 is still 100% gains from the Christmas Eve dip.This is normal price action because when a stock rises so quickly, at a certain point it has to give back some of it in order to build a better base from which the bulls can remount another rally even higher. So as long as TTD stock bulls hold above $190 per share, this drop is a non-event. If I own the shares, this is not the right time to bail on them.On the other hand, this is a momentum stock so technically, it could fill lower gaps like the one near $160 per share. But to get there, the bears will have to work a lot harder than they did to get here. So until then this dip is a buying opportunity.Alternatively here I would rather use options to profit and while leaving a margin of error. For example, I can sell the TTD November $135 put option and collect more than $2 to open. This means that I will profit even if TTD falls another 35% from current levels. If it falls below $133 then I would accrue losses.Fundamentally, TTD is also bloated from the traditional valuation perspective. Its trailing P/E is 100, and it sells at 22 times at sales. But then again this is a case where investors are paying up for future potential and not current profitability levels.Once hot stocks lose a lot of their froth, it's hard to regain the same level of enthusiasm on Wall Street. So the extreme sustained rallies become harder to achieve. That's why I prefer using options so to bank on downside support rather than upside potential.It is also important to note that I never sell naked puts unless I intend to own the shares. And I never risk more than I can afford to lose.Nicolas Chahine is the managing director of SellSpreads.com. As of this writing, he did not hold a position in any of the aforementioned securities. Join his live chat room for free here. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Sell in Market-Cursed September * 7 of the Worst IPO Stocks in 2019 * 7 Best Stocks That Crushed It This Earnings Season The post 3 SaaS Stocks to Buy Now: OKTA, TWLO, TTD appeared first on InvestorPlace.

  • Amazon and Shopify: The Competition Intensifies
    Market Realist

    Amazon and Shopify: The Competition Intensifies

    eMarketer expects Amazon (AMZN) to account for almost half of the total US retail e-commerce market in 2019. Where does Shopify come in?

  • Overvalued Tech Stocks Lose Market Value Again Today
    Market Realist

    Overvalued Tech Stocks Lose Market Value Again Today

    Overvalued tech stocks such as Alteryx and Twilio lost market value yesterday. They're also sliding today as investors are wary about valuations and growth.

  • Shopify Slides Even as Analysts Back $450 Million 6 River Deal
    Bloomberg

    Shopify Slides Even as Analysts Back $450 Million 6 River Deal

    (Bloomberg) -- Shopify Inc. slid after announcing the purchase of 6 River Systems Inc. even after analysts said the deal would help ramp up its $1 billion plan to set up a network of fulfillment centers in the U.S.The Ottawa-based company disclosed the purchase of 6 River on Monday for $450 million, with 60% of that in cash and the rest in voting shares, according to a statement from both companies. Shopify fell as much as 4.9% in New York to the lowest in a month, extending the stock’s slump for a third day.Waltham, Massachusetts-based 6 River uses robots and software to help fill retailers’ orders in warehouses. In June, Shopify laid out a plan to expand its fulfillment business to help merchants using its e-commerce platform deliver products, similar to Amazon.com Inc.6 River was founded by executives who came from Kiva Systems -- now Amazon Robotics -- and it operates in more than 20 facilities across the U.S., Canada and Europe. It fulfills orders for companies including Lockheed Martin Corp. and Office Depot Inc.The deal, poised to close in the fourth quarter, is expected to increase Shopify’s expenses by about C$25 million ($19 million) in 2019, with no material impact on its revenue for the year.An investor darling in Canada’s ever-growing tech space, Shopify has climbed more than 1,400% since it went public in 2015. It’s among the nation’s best performing stocks this year with a 150% surge.(Updates to include share price move in the first and second paragraphs.)\--With assistance from Kristine Owram.To contact the reporters on this story: Natalie Wong in Toronto at nwong133@bloomberg.net;Divya Balji in Toronto at dbalji1@bloomberg.net;Ryan Vlastelica in New York at rvlastelica1@bloomberg.netTo contact the editors responsible for this story: Jacqueline Thorpe at jthorpe23@bloomberg.net, David ScanlanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Shopify Buys 6 River, Threatens Amazon's Warehouse Tech Lead
    Zacks

    Shopify Buys 6 River, Threatens Amazon's Warehouse Tech Lead

    Shopify's (SHOP) acquisition of 6 River Systems is expected to boost its competitive position in the fulfillment network space dominated by Amazon.

  • Dow Jones Futures: A Big Day For Apple, But Ford, Wendy's Lead Early Movers
    Investor's Business Daily

    Dow Jones Futures: A Big Day For Apple, But Ford, Wendy's Lead Early Movers

    Dow Jones futures fell slightly Tuesday morning, along with S&P 500 futures and Nasdaq futures. Apple is in focus with its iPhone event later today and its stock near a buy point. Meanwhile, Ford Motor and Wendy's sold off on news.

  • After Hours: Shopify Makes a $450 Million Buy, Wendy's to Serve More Breakfast
    Motley Fool

    After Hours: Shopify Makes a $450 Million Buy, Wendy's to Serve More Breakfast

    Shopify is acquiring a warehouse tech company, while the fast-food restaurant operator gears up for the morning meal.

  • Shopify to acquire Waltham robotics startup for $450M
    American City Business Journals

    Shopify to acquire Waltham robotics startup for $450M

    Waltham-based 6 River Systems Inc., a startup founded by former executives from Amazon Robotics, is being acquired in one of the year’s biggest M&A; deals in the local technology sector.

  • Reuters

    UPDATE 1-Shopify to buy warehouse technology provider for $450 mln

    Shopify Inc said on Monday it would buy warehouse technology provider 6 River Systems Inc for about $450 million, as it looks to accelerate growth of its fulfillment network. Shopify unveiled plans in June to spend $1 billion to run a warehousing network in the United States to take on the likes of Amazon.com Inc and eBay Inc. The news follows Amazon's acquisition of Canvas Technology earlier this year, which has built autonomous carts that move goods around warehouses.

  • Shopify buys warehouse automation tech developer 6 River Systems for $450 million
    TechCrunch

    Shopify buys warehouse automation tech developer 6 River Systems for $450 million

    The acquisition will serve to boost efficiencies among Shopify's FulfillmentNetwork service, which launched in June

  • MarketWatch

    Shopify to buy 6 River Systems in a $450 million deal

    Shopify Inc. said late Monday it has agreed to buy 6 River Systems Inc. as part of a "critical attempt" to grow its fulfillment and deliveries business. Under the deal, Shopify would acquire 6 River Systems for $450 million, about 60% cash and 40% in Shopify shares. The acquisition is expected to close in the fourth quarter, it said. The founders of 6 River Systems were previous Kiva Systems, now Amazon.com's Amazon Robotics, executives, Shopify said in a statement. "With the acquisition, Shopify will add team with decades of experience in fulfillment software and robotics," it said. "Adding 6 River Systems' cloud-based software and collaborative mobile robots called "Chuck" to the Shopify fulfillment network will increase the speed and reliability of warehouse operations." Shares of Shopify fell 0.2% in the extended session after ending the regular trading day down 5.7%.

  • Business Wire

    Shopify to Acquire 6 River Systems

    Shopify Inc. (SHOP)(SHOP.TO), the leading multi-channel commerce platform, today announced that it has reached an agreement to acquire 6 River Systems, Inc., a leading provider of collaborative warehouse fulfillment solutions. In June, Shopify introduced the Shopify Fulfillment Network, a powerful and trusted fulfillment network that will ensure timely deliveries, lower shipping costs, and provide superb customer experience for merchants and their customers. This acquisition is a critical step to accelerate its growth, while 6 River Systems will also continue to build and sell their solution for warehouses.

  • Benzinga

    App Auto Generates Google Shopping Ads For Shopify

    An Australian company is touting its ability to automatically generate Google Shopping ads directly from data on the websites of Shopify Inc. (NYSE: SHOP) stores. Google Shopping ads show up at the top of search results on Alphabet Inc. (NASDAQ: GOOGL) (NASDAQ: GOOG)'s Google results when a searcher puts in terms that match the ads. Dynamic Creative said in a Saturday press release that it can create and manage the ads with its new Google Shopping app, which the company said “takes the hassle” out of getting a retail website to show up in a Google search.

  • SHOP Breaks Support
    Investor's Business Daily Video

    SHOP Breaks Support

    Shopify undercut its 50-day line. The e-commerce software leader was among the last big software winners to break support. Long-time holders should likely wait to see if weekly loss/volume very heavy before selling.STOCK MARKET TODAY is sponsored by Interactive Brokers. To open an account, go to ibkr.com/whyib