3 Reasons to Buy Shopify Stock, and 1 Reason to Sell

Few software companies had a more positive impact on small businesses than Shopify (NYSE: SHOP) during the pandemic. As a result, Shopify's business grew, and its stock price rocketed up to nearly $1,700 in November 2021.

Now Shopify stock is trading at less than $400 per share, down more than 75% from its high. While this was disastrous for the stock, the company recently reported quarterly earnings that weren't nearly as bad as the stock price drop would seem to indicate. Shopify is giving investors plenty of reasons to stick around, as well as one possible reason to sell.

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Source Fool.com