Shares of Shopify (SHOP) Sees Large Inflow of Net Money Flow

Shopify (SHOP) stock had a bullish inflow of $3.33 million worth of trades on uptick and an outflow of $2.08 million in downticks on Monday. The total uptick to downtick ratio stood at 1.6. The net money flow into the stock was $1.25 million. The money flow data, which is calculated as the dollar value of composite uptick minus the downtick trades indicated bullish. The block trades had a total money flow of $0.98 million. $0.98 million of block trade during Uptick was observed, which shows continued buying by the smart money on every weakness. However, Shopify (SHOP) stock traded down $0.16 , and reached $32.16, a drop of -0.5% over the previous day. On a weekly basis, the stock is 3.74%, over the previous weeks close.


Shopify Inc. is up 2.12% in the last 3-month period. Year-to-Date the stock performance stands at 24.81%. Shares of Shopify Inc. rose by 1.1% in the last five trading days and 13.5% for the last 4 weeks.

Shopify (NYSE:SHOP): On Mondays trading session , Opening price of the stock was $32.79 with an intraday high of $32.879. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $31.91. However, the stock managed to close at $32.2, a loss of 0.37% for the day. On the previous day, the stock had closed at $32.32. The total traded volume of the day was 779,852 shares.

Shopify Inc. is a Canada-based company that provides a cloud-based commerce platform for small and medium-sized businesses. The Companys platform lets users to create their own online store. The Companys platform provides merchants to design, set up and manage their stores across multiple sales channels, including Web, mobile, social media, brick-and-mortar locations, and pop-up shops. Its platform provides a merchant a single view of their business. Its platform also provides merchants to manage all aspects of their shops: uploading products, customizing the design, accepting credit cards, and viewing their incoming orders and completed transactions. Its platform lets users to sell fashion, electronics, sporting goods, furniture and food, among others. The Companys platform offers over 900 applications.

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