Shares of Shopify Inc. Cl A SHOP, +3.56% rallied 3.56% to C$1,840.00 Thursday, in what proved to be an all-around favorable trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE, +0.71% rising 0.71% to 21,218.93. This was the stock’s third consecutive day of gains.
Shopify Inc. Cl A closed C$388.73 short of its 52-week high (C$2,228.73), which the company reached on November 19th. Trading volume of 138,957 shares remained below its 50-day average volume of 172,159.