Why Shopify Climbed 16.6% in February

Shares of Shopify (NYSE: SHOP) climbed 16.6% in February, according to data provided by S&P Global Market Intelligence. Shopify announced a blowout quarter with its recent full-year 2020 earnings release. Its subscription solutions division saw a sharp rise in revenue due to a larger number of merchants joining Shopify's platform, while the merchant solutions segment enjoyed a more than a year-over-year doubling of revenue as gross merchandise volume doubled to $41.1 billion.