On Wednesday, Shopify Inc. (NYSE: SHOP) oscillated between $167.03 and $171.48 before concluding trading period higher +0.88 percent at $170.48. The stock recorded total trading quantity of 851,627 shares as compared to its average volume of 1,545,104 shares. The stock as of last trading session moved 93.27 percent up from its fifty two week low and was -2.64 percent behind its fifty two week high. The firm has a total market worth of $1.55M and $18.134B shares remain outstanding.
Shopify Inc. (NYSE: SHOP) (SHOP.TO) recently reported the launch of Shopify Ping, a free mobile app that brings business conversations & tasks all within one interface. With Shopify Ping, merchants will be able to manage their tasks through messaging on their mobile phones, spend more time serving their consumers and grow their businesses without having to fumble between apps and tools.
Shopify Ping is a free iOS app accessible to Shopify merchants in the App Store. It consolidates messages from other apps used to interact with consumers through social media, a merchant’s online storefront, email and more in one single interface, making it easier to manage conversations and respond in real-time. In addition, it comes built-in with Shopify’s free virtual assistant, Kit, which assists merchants plan, create and manage marketing activities through a conversational interface. With these integrations, Shopify Ping will support actions like running Facebook and Instagram ads, email campaigns and retargeting campaigns, as well as quicker consumer conversations.
“Shopify merchants are conducting many business conversations across multiple apps every day, not only to run their day-to-day operations, but also to manage consumer inquiries. Shopify Ping was created to make all of this easier to manage,” stated Michael Perry, Director of Product at Shopify. “It’s a one-stop messaging app that lets them spend more time on what matters most – running their businesses seamlessly and deepening consumer relationships.”
With almost half (45 percent) of Shopify’s entrepreneurs running their businesses and engaging shoppers on their mobile devices, flexibility and timeliness are key success factors. Ensuring that entrepreneurs have the tools to keep up is critical to minimizing redundancies and saving time.
Analyst recommendation for this stock stands at 2.20. The volatility in the previous week has experienced by 3.53 percent and observed of 3.92 percent in the previous month.71.10 percent ownership is held by institutional investors while insiders hold ownership of 4.14 percent.