|Day's range||13.47 - 13.47|
E-commerce platform Shopify (NYSE: SHOP) has seen its shares jump some 10% this past month even as the broader market has remained about flat -- and there does not seem to be any obvious catalyst. Of course, stocks can rise or fall for a variety of reasons, so let's take a closer look at the company to see what might be behind the recent stock move. Admittedly, investors can only guess what has been happening to the internet and direct marketing retail stock in recent weeks.
Alibaba Group (NYSE: BABA) and Shopify (NYSE: SHOP) are two very different e-commerce companies. Alibaba owns Taobao and Tmall, the two largest consumer-to-consumer and business-to-consumer marketplaces, respectively, in China. Shopify doesn't operate any online marketplaces, unlike Alibaba.
At this point, it's no secret: E-commerce platform company Shopify (NYSE: SHOP) wants to go toe-to-toe with top competitor Amazon. In 2006, BCG published a paper explaining how growth affects top stocks.