Why Shopify and MercadoLibre Stock Took Off Today and eBay Plunged
It's been a long time coming, but today at long last, it looks like (some) stocks may have stopped moving en masse -- rushing first to one side of the ship all together, then when it looks likely to capsize, lurching back to the other side. Case in point: At 1:10 p.m. EDT today, we're seeing shares of e-commerce facilitator Shopify (NYSE: SHOP) surge 7.5%, and Latin American e-tailer MercadoLibre (NASDAQ: MELI) rising 8.7%.
In stark contrast, shares of eBay (NASDAQ: EBAY) are down 4.5%.
Image source: Getty Images.
Source Fool.com
