|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||916.22 - 1,013.00|
|52-week range||916.22 - 1,013.00|
|Beta (5Y monthly)||1.46|
|PE ratio (TTM)||5.35|
|Earnings date||15 Feb 2022 - 21 Feb 2022|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
In case you hadn't noticed yet, the stock market kind of curled up in a ball and died today. Of particular interest to growth investors today is the fact that some of the fastest growing e-commerce stocks in the world are going on sale, with shares of MercadoLibre (NASDAQ: MELI) down 8.6%, Shopify (NYSE: SHOP) falling 10%, and Sea Limited (NYSE: SE) leading the pack lower with a 12.3% loss. As it turns out, Shopify is the only one of the three with any obvious news on the wires, and even that news isn't too awfully bad.
(Reuters) -Shopify Inc said on Monday proposed changes to its fulfillment network would help merchants on its ecommerce platform compete better with big retailers and would not reduce capacity, fueling a sharp recovery in its shares. The stock fell nearly 9% to an 18-month low, weighed down by a report https://www.businessinsider.com/shopify-overhauls-fulfillment-strategy-as-it-challenges-amazon-2022-1?IR=T last week that Shopify was terminating or reducing contracts with warehouses and fulfillment partners and a global tech selloff. "We will be making changes to (Shopify Fulfillment Network) to help merchants compete with big-box retailers, such as prioritizing two-day shipping at affordable prices and access to easy returns for U.S. shoppers," the company said on Monday.
Buying into a steep decline in stocks can be a scary prospect, but history suggests it can also be very rewarding.