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Why is SHOP stock moving?

Shopify Inc. · end-of-day data as of Oct 16, 2026

Shopify Inc.
SHOP · $220B
$169.52+49.0%last 60 sessions · close Oct 16, 2026
$95.40$179.2252 weeks
Buy · 54 analystsPT $175.53 +3.5%
  • P/E vs own-3.9%
  • P/E vs sector+240.7%
  • Target upside+3.5%
  • Off 52w high-5.4%
  • InsidersNone in 90d
  • FCF yield+1.1%
  • Earnings in18d
  • Trendsideways
  • Sector▲ +1.1%
  • RSI61
  • MA20×50Golden 6d ago
  • Volume1.5x
  • Support-0.6%
  • Resistance—

The move, split

Shopify Inc. (SHOP) fell 4.8% on Oct 16, 2026.

The market (SPY) fell 1.1%; Technology stocks fell 3.3%. Most of the move came from its sector.

Market (SPY)-1.1%
Technology sector-2.2%
SHOP specific-1.6%

3 stories on the day (30-day average 2.9).

Market = SPY. Sector = equal-weight average of the tracked companies in the same sector, net of the market.

Context

  • News
  • Volume1.5x
  • Off 52w high-5.4%
  • Sector▲ +1.1%
  • Earnings in18d

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