Why Shopify Stock Jumped 29% in the First Half of 2021
Shares of Shopify (NYSE: SHOP) climbed 29.1% during the first half of 2021, according to S&P Global Market Intelligence. The rally built on the market-crushing gains the growth stock has delivered since early 2020 as Shopify helped millions of new merchants join the e-commerce revolution in the face of the pandemic.
The advance for the first half of this year was more than double the 14.4% returns of the S&P 500 and left Shopify stock near an all-time high. The results were driven by accelerating revenue growth that brought the company a step closer to consistent profitability.
Image source: Getty Images.
Source Fool.com
