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SHOP Jan 2024 1750.000 call
| Previous close | 5.0000 |
| Open | 5.0000 |
| Bid | 0.0000 |
| Ask | 0.0000 |
| Strike | 1,750.00 |
| Expiry date | 2024-01-19 |
| Day's range | 5.0000 - 5.0000 |
| Contract range | N/A |
| Volume | |
| Open interest | 21 |
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Will 2023 Be a Better Year for Shopify?
One of the hardest-hit tech stocks this year has been e-commerce company Shopify (NYSE: SHOP). Down an incredible 70%, the company's drop has made the Nasdaq Composite's 28% decline this year look tame. A troubling outlook for the economy and a slowing growth rate are the key reasons investors have been bearish on the tech stock in 2022.
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Why Amazon, Alphabet, and Shopify Stocks All Tumbled Tuesday
A broad cross-section of stocks tumbled again on Tuesday as market watchers focused on the Federal Reserve Bank's ongoing battle against inflation. Over the past several days, a couple of strong economic reports have increased concerns about the trajectory of an already overheated economy. With that as a backdrop, shares of Amazon (NASDAQ: AMZN) fell 2%, Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) tumbled 2.4%, and Shopify (NYSE: SHOP) had slumped 4% as of 12:19 p.m. ET.
