Shares of Shopify Inc. Cl A SHOP, +7.03% advanced 7.03% to C$1,188.46 Monday, in what proved to be an otherwise all-around poor trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE, -0.24% falling 0.24% to 20,571.30.
The stock’s rise snapped a four-day losing streak. Shopify Inc. Cl A closed C$1,040.27 short of its 52-week high (C$2,228.73), which the company reached on November 19th. Trading volume of 541,228 shares eclipsed its 50-day average volume of 205,600.