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MARKETS LIVE BLOG:

STOCKS TRADE MIXED AS COMPANY EARNINGS ROLL IN

Shares of Live Nation, parent company of Ticketmaster, fall on antitrust probe report

Shopify (SHOP) in Focus: Stock Moves 7.4% Higher

Zacks Equity Research

Shopify Inc. SHOP was a big mover last session, as the company saw its shares rise more than 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $310.02 to $336.54 in the past one-month time frame.

The upmove came after the company reported better-than-expected second-quarter 2019 results.

The company has seen no changes when it comes to estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Shopify currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Shopify Inc. Price

Shopify Inc. Price
Shopify Inc. Price

Shopify Inc. price | Shopify Inc. Quote

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To read this article on Zacks.com click here.