Shares of Shopify Inc. Cl A SHOP, -10.88% tumbled 10.88% to C$1,552.23 Tuesday, in what proved to be an otherwise all-around favorable trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE, +0.06% rising 0.06% to 21,236.52. This was the stock’s second consecutive day of losses.
Shopify Inc. Cl A closed C$676.50 short of its 52-week high (C$2,228.73), which the company reached on November 19th. Trading volume of 390,884 shares eclipsed its 50-day average volume of 177,542.