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The Shopify Split Is Just Days Away, but This Tiny Nasdaq Stock Is Soaring Right Now

Dan Caplinger, The Motley Fool
·3-min read

The stock market has been on edge for months, and investors haven't gotten a lot of respite in the downdraft that has taken major market benchmarks lower enough to trigger official bear markets. S&P 500 (SNPINDEX: ^GSPC) futures had gained 69 points to 3,745, and Nasdaq Composite (NASDAQINDEX: ^IXIC) futures had picked up 218 points to 11,515. Shopify (NYSE: SHOP) is moving forward with a stock split in just over a week that has been in the works for a while now, and investors are hoping that the move will help the shares recover from a steep plunge from their recent highs.

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