NatalieLopez
27 Nov 23
Shopify Inc. (NYSE:SHOP) achieved record-breaking Black Friday sales of $4.1 billion from businesses globally, marking a 22% surge over the previous year's numbers. At its peak, the e-commerce platform saw sales reach $4.2M per minute at 12:01 p.m. EST, with Shopify POS global sales up by 33% year-o...
Shopify Inc. (NYSE:SHOP) achieved record-breaking Black Friday sales of $4.1 billion from businesses globally, marking a 22% surge over the previous year's numbers. At its peak, the e-commerce platform saw sales reach $4.2M per minute at 12:01 p.m. EST, with Shopify POS global sales up by 33% year-over-year. On Black Friday, average cart prices per merchant were $110.71, with hot-selling product categories including clothing, personal care, and jewelry, while key markets for the shopping extravaganza were the U.S., U.K., and Canada. Shopify stock (SHOP) surged 3.15% in premarket trading to $72.56, hitting its highest relative strength index for the year.
More about Shopify Inc
Shopify Inc. is a commerce company with a market capitalization of 90.3 billion. The company's stock performance has seen a decrease of 0.9% and an increase of 5.2% in the last quarter, with a relative strength index of -0.173. The company's revenue stands at 6.65 billion, with a stock price of 67.79 and a beta of 4.858. The market sentiment towards Shopify Inc. appears to be bullish, with potential for further growth.
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