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Is Shopify Stock a Buy Now?

TheMotleyFool

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Shopify's (NYSE: SHOP) stock plunged 16% after it posted its fourth-quarter earnings report on Feb. 16. That slide continued the following day and extended Shopify's year-to-date decline to more than 50%.

That drawdown has erased most of the stock's gains since the onset of the pandemic in early 2020. But does that painful pullback represent a good buying opportunity for investors who missed its previous rally?

Image source: Getty Images.

Source Fool.com

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