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Last update: Jun 30, 2026, 3:54 AM ET

Shopify Inc. (SHOP) — What Changed

$114.21-2.65 (-2.27%) vs yesterday's close
Jun 30, 2026 6:13 AM ET·NASDAQ Global Select·Pre-market·CEO: Tobias Lutke·8,100 employees

Shopify Inc. functions as a premier commerce technology company, providing an extensive platform and associated services to empower businesses worldwide. Its reach extends across Canada, the United St

🔔Major Change Detected
Market Cap
$148.2B
Sector
Technology
Software - Application
Next Earnings
Aug 4, 2026
(36 Days)
Relative Volume
0.93x
Below Avg
Risk Level
Low
Price Move
-2.27%
1-Day Change
Below 5D Avg: 0.5%
Volume Confirmation
0.93x
vs 30D Average
Below Avg
Catalyst
Earnings Beat
Material / Earnings
Shopify (SHOP) rose 10.4% after reporting EPS of $0.36 for 2026, beating the…
Peer Context
Outperforming
Top 1 of 4 peers
Company-Specific Move
Signal Quality
Medium
Confidence Score
69/100

BestStocks surfaces only meaningful changes—backed by price, volume, catalysts, and peer context—so you can focus on what matters.

1Event Reaction Chart
Price reaction around a key event
SHOPShopify Inc.$114.21-2.65 (-2.27%)
107.46109.87112.28114.69117.09Price (USD)Jun 23Jun 24Jun 25Jun 26116.86
Price Move Up·Jun 26, 2026·+4.69% reaction

1. What Changed Since Last Close

V
Price Move UpLowLow
Jun 29

SHOP rose 1.21% to $118.27 in intraday trading on normal volume (0.98x expected ratio). No specific intraday catalyst wa

V
Price Move UpMediumMedium
Jun 26+4.69%0.89x vol

SHOP rallied 4.69% intraday to $116.86 following strong earnings reported on June 25, 2026. Volume reached 9.5M shares a

F
New FilingMediumMedium
Jun 16

Shopify (SHOP) filed an 8-K on 2026-06-16 with no corresponding price movement (0%).

E
Earnings BeatHighHigh
May 5

Shopify (SHOP) rose 10.4% after reporting EPS of $0.36 for 2026, beating the consensus estimate of $0.33 by 10.4%.

E
Earnings BeatMediumMedium
Mar 31

Shopify reported quarterly EPS of $0.36, beating analyst expectations of $0.33 by 8.6%. The company delivered stronger p

Showing 5 of 5 events

2. Change Timeline

DateChangePrice Reaction Volume Confidence
May 5
EEarnings Beat
High
Jun 16
FNew Filing
Medium
Jun 26
VPrice Move Up
+4.69%0.89xMedium
Mar 31
EEarnings Beat
Medium
Jun 29
VPrice Move Up
Low
Sort:  

3. Why It Moved

1
Primary Catalyst
Earnings Beat
Shopify (SHOP) rose 10.4% after reporting EPS of $0.36 for 2026, beating the con
2
Supporting Evidence
  • Shopify (SHOP) rose 10.4% after reporting EPS of $0.36 for 2026, beati
  • SHOP rallied 4.69% intraday to $116.86 following strong earnings repor
  • Shopify reported quarterly EPS of $0.36, beating analyst expectations
  • SHOP rose 1.21% to $118.27 in intraday trading on normal volume (0.98x
3
Nature of Move
Company-Specific Move
SHOP outperformed peers by more than expected sector variance — move appears company-specific.

4. Peer / Sector Confirmation

SymbolToday5DRel. Vol
SHOP-2.27%0.93xLeader
AMZN+3.20%
WMT-0.94%
MELI+3.45%
PYPL+0.20%
Company-Specific Move. Top 1 of 4 peers. SHOP outperformed peers by more than expected sector variance — move appears company-specific.

5. SEC Filing Watch

Jun 16High
Material event — review for impact
Jun 2High
Material event — review for impact
May 8High
Material event — review for impact
May 5Medium
Quarterly financial results
May 5High
Material event — review for impact
View on SEC EDGAR →Source: filing_snapshots DB · past 120 days

6. Analyst Expectations

Consensus Target
$156.79
Median Target
$155.00
Upside to Target
+37.3%
vs $114.21
Analyst Activity — Last 90 Days
0
Upgrades
11
Maintains
0
Downgrades
Last Directional Actions
↑ Upgrade
Truist Securities · HoldBuy
Feb 17, 2026
↓ Downgrade
Wolfe Research · OutperformPeer Perform
Jan 6, 2026

7. Bull vs Bear Thesis Shift

Bullish Factors
Earnings beat — stock sold off (sell-the-news reaction)
Positive price momentum
Positive price momentum
Bearish Factors
Declined 2.3% despite earnings beat — guidance or outlook concern
Negative session, down 2.3%
New SEC filing — review for material disclosures
Net Thesis Change vs Yesterday
BearishNeutralBullish
Neutral / Mixed+3 / 100

8. What To Watch Next

DateEventImpact
Aug 4est.10-Q FilingMedium
Aug 5Earnings ReleaseHigh
est. = estimated from prior filing cycle
🔔
9. Set Alerts & Get Notified
Get notified when SHOP reports earnings, files an 8-K, receives an analyst upgrade, or sees unusual volume.
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Volume spikes
Analyst actions

Educational research tool — not personalized investment advice. Data may be delayed.