The $Shopify Inc(SHOP)$ crashed today after it lost $270 million in the first quarter
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However, Cathie Wood and Ark Invest $ARK Fintech Innovation ETF(ARKF)$ bought over 482K shares of $Shopify Inc(SHOP)$ today.
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The ratings for $Shopify(SHOP)$ from tipranks are moderate buy and with an average targets to $83.07(an 32.42% increase)
Technicallly, seems $ARK Fintech Innovation ETF(ARKF)$ finding support at logical levels. It’s top 5 holdings are $Coinbase Global, Inc.(COIN)$ , $Block(SQ)$ , $Shopify Inc(SHOP)$ , $DraftKings Inc.(DKNG)$ $UiPath(PATH)$ $Robinhood(HOOD)$
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Shopify Plunges 19%: Will You Buy the Dip Under $60?
Shopify plunged 19% after the e-commerce company beat on the top and bottom line, but it gave downbeat guidance for the second quarter.
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Is the plunge over or not?
At what price would you bottom Shopify?
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