What Will Happen to Shopify Inc Next? The Stock Just Had Huge Bearish Options Activity

 What Will Happen to Shopify Inc Next? The Stock Just Had Huge Bearish Options Activity

In today’s session Shopify Inc (SHOP) recorded an unusually high (201) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious SHOP decrease. With 201 contracts traded and 17594 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: SHOP170120P00045000 closed last at: $5.8 or 1.7% down. About 168,066 shares traded hands. Shopify Inc (NYSE:SHOP) has risen 80.35% since March 3, 2016 and is uptrending. It has outperformed by 72.00% the S&P500.

Analysts await Shopify Inc (NYSE:SHOP) to report earnings on November, 2. They expect $-0.10 earnings per share, down 66.67% or $0.04 from last year’s $-0.06 per share. After $-0.10 actual earnings per share reported by Shopify Inc for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Shopify Inc (NYSE:SHOP) Ratings Coverage

Out of 16 analysts covering Shopify (NYSE:SHOP), 12 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 75% are positive. Shopify has been the topic of 22 analyst reports since July 31, 2015 according to StockzIntelligence Inc. Wedbush maintained the shares of SHOP in a report on Thursday, February 18 with “Outperform” rating. RBC Capital Markets maintained the stock with “Outperform” rating in Monday, May 2 report. Maxim Group initiated the shares of SHOP in a report on Thursday, May 26 with “Hold” rating. Wedbush initiated Shopify Inc (NYSE:SHOP) on Thursday, January 21 with “Outperform” rating. The company was maintained on Wednesday, May 4 by Roth Capital. The rating was upgraded by Raymond James to “Outperform” on Wednesday, November 18. The firm has “Outperform” rating by Credit Suisse given on Thursday, August 18. Robert W. Baird initiated Shopify Inc (NYSE:SHOP) on Thursday, January 7 with “Outperform” rating. As per Friday, July 31, the company rating was maintained by RBC Capital Markets. The stock of Shopify Inc (NYSE:SHOP) earned “Overweight” rating by Pacific Crest on Tuesday, March 8.

According to Zacks Investment Research, “Shopify Inc. offers cloud-based commerce platform. The Company’s platform provides merchants to design, set up and manage their stores through Web, mobile, social media, brick-and-mortar locations and pop-up shops. Shopify Inc. is based in Ottawa, Canada.”

Shopify Inc. is a provider of cloud-based, multi-channel commerce platform designed for small and medium-sized businesses. The company has a market cap of $3.60 billion. The Company’s software is used by merchants to run their business across all of their sales channels, including Web and mobile storefronts, social media storefronts, such as Facebook, Twitter and Pinterest, and physical retail locations. It currently has negative earnings. The Company’s platform provides merchants with a single view of their business and clients across all of their sales channels and enables them to manage products and inventory, process orders and payments, ship orders, build customer relationships and leverage analytics and reporting all from one integrated back office.

More notable recent Shopify Inc (NYSE:SHOP) news were published by: Blogs.Wsj.com which released: “Shopify Inc. CFO Goes Public — With a Little Help From His Friends” on October 04, 2016, also Fool.com with their article: “Shopify Inc. Keeps Growing” published on October 02, 2016, Fool.com published: “Why Analysts Are Upgrading Shopify Inc Stock” on August 27, 2016. More interesting news about Shopify Inc (NYSE:SHOP) were released by: Fool.com and their article: “Shopify Inc. Sales Nearly Double but Losses Grow — Is Shopify Stock a Buy Now?” published on September 20, 2016 as well as Fool.com‘s news article titled: “Shopify Inc. Just Got a Huge Payday — What Investors Need to Know” with publication date: September 02, 2016.

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