Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Shopify Inc shares valued at $47,425 were purchased by FIDJI SIMO on Mar 17 ’25. At $94.85 per share, FIDJI SIMO acquired 500 shares.
Also, Robert Ashe purchased 100,000 shares, netting a total of over 12,934,000 in proceeds.
Before that, FIDJI SIMO had added 500 shares to its account. In a trade valued at $64,175, the Director bought Shopify Inc shares for $128.35 each.
As published in a research note from The Benchmark Company on February 10, 2025, Shopify Inc [SHOP] has been rated up from a Hold to a Buy and the price target has been revised to $150. Analysts at New Street started covering the stock with ‘”a Neutral”‘ outlook in a report released in early January. As of January 06, 2025, Wedbush has increased its “Neutral” rating to a “an Outperform” for SHOP. Earlier on December 06, 2024, Loop Capital upgraded its rating. Their new recommendation was “a Buy” for SHOP stock which previously was a “a Hold”.
Analyzing SHOP Stock Performance
During the last five days, there has been a surge of approximately 12.43%. Over the course of the year, Shopify Inc shares have dropped approximately -4.21%. Shares of the company reached a 52-week high of $129.38 on 02/18/25 and a 52-week low of $89.10 on 03/13/25. A 50-day SMA is recorded $109.70, while a 200-day SMA reached $88.38.
Support And Resistance Levels for Shopify Inc (SHOP)
According to the 24-hour chart, there is a support level at 98.81, which, if violated, would cause prices to drop to 95.77. In the upper region, resistance lies at 104.54. The next price resistance is at 107.23. RSI (Relative Strength Index) is 47.04 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.65, which suggests the price will decrease in the coming days. Percent R is at 51.17%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
