Shopify stock (SHOP) gets a boost after strong Q1 earnings report

Shopify stock (NYSE: SHOP) has received a boost following the release of strong first-quarter 2024 financial results. The SHOP stock had taken a beating in the pre-market hours, dropping by −12.61 (16.37%) from the previous market close of $77.37 to $64.44 on 8 May, 07:19 GMT-4.

The e-commerce giant reported impressive numbers, exceeding expectations and demonstrating robust growth across various key metrics.

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