$SHOP is now trading below it’s pre-pandemic price


Shopify is now trading at 530 on the NYSE, a price it first reached in February 2020 before the Covid crash.

If someone correctly predicted the pandemic and bought the stock, they'd be in the red after holding it for two years.

Not sure where I'm going with this, I mainly find it interesting. Any opinions on why the stock is down so much? Is it because of the war or was it just extremely overvalued?

No position.


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