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SHOP May 2024 92.000 call
| Previous close | 0.0200 |
| Open | 0.0100 |
| Bid | 0.0000 |
| Ask | 0.0100 |
| Strike | 92.00 |
| Expiry date | 2024-05-03 |
| Day's range | 0.0100 - 0.0200 |
| Contract range | N/A |
| Volume | |
| Open interest | 570 |
- Yahoo Finance Video
Shopify stock plunges after warning of gross margins dip in Q2
Shopify (SHOP) shares are plunging after the company announced it expects decreasing gross margins during the current quarter as it navigates the fallout from the sale of its logistics business to Flexport. Shares fell nearly 20% in extended hours trading, as Shopify also expects its revenue to take a hit. Wall Street is bearish on the stock as the company currently faces higher operating costs and weakened consumer spending. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Melanie Riehl
- Yahoo Finance Video
Uber earnings, Fedspeak: What to Watch
Here are some of the key events to watch for on Wednesday, May 8th. First quarter earnings season continues, with several companies scheduled to release their financial results, including Uber (UBER), Airbnb (ABNB), and AMC Entertainment (AMC). Additionally, Federal Reserve officials, including Fed Vice Chair Philip Jefferson, Boston Fed President Susan Collins, and Fed Governor Lisa Cook, will provide insight into inflation and the path for interest rates. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Angel Smith
Barrons.comShopify Earnings Topped Estimates. Why the Stock Is Tumbling.
Shopify stock was plummeting Wednesday after the e-commerce company swung to a surprise loss in its fiscal first quarter. Shopify’s adjusted earnings, which excludes one-time expenses, of 20 cents a share, beat estimates for 17 cents. For the second quarter of 2024, Shopify said revenue will grow at a high-teens percentage rate on a year-over-year basis.
