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Why Shopify Stock Jumped Today

Why Shopify Stock Jumped Today

Shares of the e-commerce platform company Shopify (NYSE: SHOP) popped by as much as 5.7% during today's trading. While there wasn't any company-specific news that was driving the stock up, investors are likely snatching up more shares in some tech stocks as ongoing coronavirus concerns could spur more e-commerce growth. As of 2:08 p.m. EDT, Shopify's stock was up 5.4%.