Shopify Stock News

Shopify Inc. has rallied to surpass the $100 mark again this week on the back of its plans to move its listing from the New York Stock Exchange to NASDAQ. While the announcement itself is not meaningful for the company's operations per se, investors are still reading it as a positive for several reasons.

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The Shopify stock price rose on Wednesday after the Canadian company filed to change its US listing from the New York Stock Exchange (NYSE) to the Nasdaq. It moved back above $100 even though the listing change will not have an impact on its business.

Shopify Inc (TSX:SH., NYSE:SHOP) shares surged on the news the commerce technology company is transferring its US stock listing to the Nasdaq Global Select Market from the New York Stock Exchange (NYSE).

Shopify stock gained on after the e-commerce software maker said it will shift its listing to the Nasdaq from the New York Stock Exchange. The post Shopify Stock Gains On Listing Move To Nasdaq From NYSE appeared first on Investor's Business Daily.

Following on the heels of the Nasdaq Composite, the S&P 500 entered a correction last week, meaning the broad-market index fell at least 10% from its recent peak.

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Nearly 10 years after filing to go public on the New York Stock Exchange (NYSE) and Toronto Stock Exchange, Canadian e-commerce platform Shopify has announced that it's transitioning its U.S. listing to the Nasdaq.