This Stock Is Down by 74% This Year -- Here's Why I Am Not Worried
Once considered a market darling, tech giant Shopify (NYSE: SHOP) hasn't had the best past few months. The company's shares have been down by nearly 74% since the beginning of the year. That's a horrible performance even compared to the broader market -- which hasn't been in the best shape recently.
I am sure many of Shopify's shareholders are considering dumping the stock and taking their money elsewhere if they haven't already. But as a shareholder, this idea hasn't even crossed my mind, and I am not particularly worried. Here's why.
Shopify has trounced the market since its 2015 IPOs. Those who held the company's shares for most of the company's public trading are still happy shareholders.
Source Fool.com
