|Bid||1,081.53 x 900|
|Ask||1,084.00 x 1000|
|Day's Range||1,028.96 - 1,089.25|
|52 Week Range||282.08 - 1,107.92|
|Beta (5Y Monthly)||1.61|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 27, 2020 - Nov 02, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||1,057.05|
What happened Shares of Shopify (NYSE: SHOP) jumped on Monday, rising more than 6% as of 2:50 p.m. EDT. The stock's gain likely reflects both broader-market bullish trends on Monday and exceptional strength in growth stocks like Shopify.
Shares of Sea Limited (NYSE: SE) were moving higher again Monday even though there was no specific news out regarding the Southeast Asian e-commerce and digital gaming company. Instead, it seemed to be benefiting from the bullish trend in e-commerce stocks that began last week with strong earnings reports from Shopify and Amazon. As of 1:11 p.m EDT, Sea Limited stock was up 8.3% on the day.
(W) shares surged on Monday as investors anticipated a huge spike in sales when the company reports June quarter results before the start of trading on Wednesday. Wayfair (ticker: W) posted nearly 20% sales growth in the March quarter; when it reported those results in early May, the company said revenue growth for the quarter at that point was trending up 90% from a year ago. The Wall Street analyst consensus estimates call for June quarter revenue of $3.32 billion, up about 71%, but there are estimates that run north of $4 billion.