$Shopify(SHOP)$Despite all the negativity towards SHOP stock, the shares have actually rallied since those events. As glum as it may sound, a tripling of its stock price is not that far-fetched after its shares suffered a peak-to-trough decline of more than 80%.
To put the matter in perspective, if Shopify triples off its lows, it will have only regained about 40% of the decline from its highs.
It will take time for companies like Shopify to recover. The firm has been dealt a painful blow that may not be over. If the global economy continues to languish, the shares may continue to struggle.
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