SHOP Sep 2023 65.000 call
| Previous close | 4.48 |
| Open | 4.85 |
| Bid | 5.60 |
| Ask | 5.70 |
| Strike | 65.00 |
| Expiry date | 2023-09-15 |
| Day's range | 4.85 - 6.10 |
| Contract range | N/A |
| Volume | |
| Open interest | 4k |
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E-commerce company Shopify on Monday asked a federal judge in West Texas to force a patent owner suing it for infringement to reveal its financial backers, arguing the disclosures are necessary to prevent potential conflicts of interest. Shopify said there was evidence that Lower48 IP LLC is backed by previously undisclosed litigation funders. "Unless the court requires disclosure of third-party interests, neither the court nor Shopify will know who the beneficiaries of this litigation are," its lawyers wrote.
Motley Fool3 Smart Reasons to Buy Shopify Stock Right Now
Shopify (NYSE: SHOP) is once again in investors' good graces. The e-commerce leader's stock price is already up more than 70% so far in 2023, as the market has begun to appreciate its exceptional long-term growth potential.
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Growth stocks have borne the brunt of much of the volatility afflicting the market over the last year, as investors shied away from these businesses amid fears of a global recession. For investors with the risk tolerance and patience to put cash into these businesses, this fortitude can be rewarded over the long run. Here are two such businesses to consider adding to your buy basket right now.
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Finding companies with the power to stand the test of time in your portfolio isn't always easy. Airbnb (NASDAQ: ABNB) has made a name for itself in a highly fragmented and crowded industry, amassing a presence so impressive that it boasts a roughly 26% share of the travel booking service market and roughly 20% of the entire vacation rental market. Of the numerous competitive advantages that Airbnb retains, it's worth pointing out that the platform not only serves both sides of the travel accommodation relationship -- supply and demand -- with its growing cohorts of guests and hosts, but it also does so with an extremely asset-light model.
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Motley FoolShopify: Buy, Sell, or Hold?
The leading e-commerce platform provider is still posting strong growth, but its bottom line remains in the red.
