Biggest Gainers and Losers On The TSX – 09 25th
Tech stocks saw a resurgence while material and energy stocks continue to get beat down over the course of this weeks trading action. What stocks gained the most on September 25th, and which ones lost?
Is Shopify’s (TSX:SHOP) Recent Correction Overdone?
It looked like it was going to be a record year for Canada’s hottest teck stock – Shopify (TSX:SHOP). However, a recent pullback has caused investors to second guess. Should you be?
Today’s Biggest Gainers and Losers On The TSX
The TSX hit record highs yet again to close out this weeks trading and Canadian investors who’ve bought into the materials or energy sector, particularly junior energy companies, have reaped the rewards thus far.
Shopify (TSX:SHOP) Issues Share Offering
Shopify Inc (TSX:SHOP) announced today that it has completed its offering of Class A subordinate voting shares at a price of $317.50 USD per share. The company issued 2,185,000 Class A shares, which were sold by Shopify for proceeds of $693,737,500. Shopify expects to use this capital to strengthen its balance sheet and fund further growth strategies in the future.
What to Make About Shopify’s (TSX:SHOP) Stock Meteoric Rise
In recent years, it is arguable that there has been no better investment on the TSX Index than Shopify (TSX:SHOP). Since going public in 2015, Shopify’s stock has jumped 1,151%!
To put that into perspective, a $10,000 investment in its stock when it first began trading on the TSX would be worth $115,100 today. Not a bad return in less than five years.
Missed The Boat On Shopify(TSX:SHOP)? Buy These Tech Stocks Instead
The TSX Composite has provided lackluster returns for investors over the last five years, and a lot of them are heading south of…