Shopify Stock News

Investors can set themselves up for life with a portfolio of well-chosen growth stocks. Investing in companies that are likely to be earning substantially higher revenue and profits in 10 years than they are today will help you multiply your savings.

Shares of North America's leading commerce enabler, Shopify (SHOP 6.17%), were 6% higher as of 3:30 p.m. ET Friday, according to data provided by S&P Global Market Intelligence.

Shopify (SHOP 1.29%) has taken its investors on a wild ride in the 10 years since its initial public offering (IPO). The e-commerce services provider went public at a split-adjusted price of $1.70 on May 21, 2015, soared to a record closing price of $169.06 on Nov. 19, 2021, but now trades at about $106.

Shopify (SHOP -0.64%) stock soared 13% in May, according to data provided by S&P Global Market Intelligence. It reported well-received earnings results, and it benefited from an ease in tariff raises -- for now.

Sunny days and summertime festivities are on the horizon for June. But there's no guarantee the clouds overhanging the broader market will dissipate.

There's no denying it. Amazon (AMZN -0.31%) has been one of the market's most rewarding stocks for nearly the past three decades, rallying more than 270,000% since its 1997 initial public offering.

Investors may be increasingly concerned about Shopify's (SHOP -0.31%) recent performance. The stock has risen by around 85% over the last year.

The market still doesn't know what to make of the new tariff impact, which makes a lot of sense because there's still so much uncertainty. Although the U.S. and China have agreed to a 90-day pause on the newest tariffs, which would slap significant tariffs on goods between U.S. and China, there's still an increase in tariffs on Chinese products that stands today at 30%.