Shares of Shopify Inc (SHOP) are down 70.22% over the past 12 months

Shares of Shopify Inc (SHOP) are down -1.23%, while the S&P 500 is down -0.84% as of 10:45 a.m. Monday, December 5. SHOP was down -0.53 from its previous closing price of $43.06 on volume of 5,674,560 shares. Over the past year, the S&P 500 is down -12.07% and the SHOP is down -70.22%. SHOP has lost -$2.54 per share over the past 12 months. 

At the end of Black Friday. 

The company said its retailers recorded record sales of $3.36 billion worldwide on the Friday after the U.S. Thanksgiving holiday, a 17% increase over Black Friday sales last year.

“At peak sales, merchants on Shopify were collectively selling $3.5 million a minute at 12:01 a.m. [Eastern time] on Black Friday,” Shopify said. That’s about 13% more than last year’s peak.Shopify is a SaaS platform that develops software for online and retail stores. It is headquartered in Ottawa, Canada. The SaaS business model is popular today. That’s why so many people are interested in SaaS marketing.