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-$15.12 -9.68%

Shopify shares drop after weaker merchandise sales raise growth concerns despite profit gains

Company Fundamentals
03 Nov 2026, 14:42 WIB
Barrons
View Source
Bearish
Shopify shares drop after weaker merchandise sales raise growth concerns despite profit gains

Shopify's stock fell following its third-quarter report showing merchandise sales below expectations, signaling potential challenges to its rapid growth. Although the company improved its earnings and profitability, the slowdown in sales raised investor concerns about future momentum. This mixed performance suggests cautious monitoring ahead as Shopify balances growth with profitability.

Shopify shares dropped sharply, with heavy selling activity on Pluang where 99% of orders are sell orders. As of Nov 03, 2026 20:02 WIB, SHOP trades at USD 130.78, down 16.28% in one day, reflecting significant market reaction.

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Shopify stock plunges 17% as key sales metrics miss estimates despite profit beat

Shopify stock plunges 17% as key sales metrics miss estimates despite profit beat

Shopify's stock dropped 17% after its Q3 2026 report showed gross merchandise volume (GMV) and subscription revenue fell short of analyst expectations, despite beating profit and free cash flow estimates. GMV rose 29% to $119.15 billion, missing the ...

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