Shopify (TSE:SHOP) Trading Up 22%

Shopify Inc. (TSE:SHOP) shares rose 22% on Wednesday . The company traded as high as C$92.86 and last traded at C$91.00. Approximately 835,729 shares changed hands during mid-day trading, a decline of 69% from the average daily volume of 2,676,750 shares. The stock had previously closed at C$74.56.

Shopify Price Performance

The company’s 50 day moving average is C$86.42 and its 200 day moving average is C$95.50. The stock has a market cap of C$106.84 billion, a price-to-earnings ratio of -417.68, a PEG ratio of 1.09 and a beta of 2.20. The company has a debt-to-equity ratio of 12.87, a current ratio of 7.14 and a quick ratio of 5.74.

Insider Activity

In other Shopify news, Senior Officer Harley Michael Finkelstein sold 3,294 shares of the company’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of C$57.19, for a total value of C$188,396.71. In other news, Director Tobyn David Shannan sold 430 shares of Shopify stock in a transaction dated Monday, June 10th. The shares were sold at an average price of C$62.22, for a total value of C$26,754.26. Also, Senior Officer Harley Michael Finkelstein sold 3,294 shares of Shopify stock in a transaction dated Friday, May 24th. The shares were sold at an average price of C$57.19, for a total transaction of C$188,396.71. Insiders sold a total of 12,569 shares of company stock valued at $757,065 in the last 90 days. 0.19% of the stock is currently owned by insiders.

Shopify Company Profile

Shopify Inc, a commerce company, provides a commerce platform and services in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, Australia, China, and Latin America. The company's platform enables merchants to displays, manages, markets, and sells its products through various sales channels, including web and mobile storefronts, physical retail locations, pop-up shops, social media storefronts, native mobile apps, buy buttons, and marketplaces; and enables to manage products and inventory, process orders and payments, fulfill and ship orders, new buyers and build customer relationships, source products, leverage analytics and reporting, manage cash, payments and transactions, and access financing.