Shopify Inc. is showing notable market movement today, up 1.8%, or roughly $393.5 million gain.
Shopify holds a market capitalization of $23.9 billion and represents 0.7% of the $3.3 trillion NASDAQ/NYSE internet-software-services industry.
The industry overall is down today by -0.8%, which translates to a negative move of roughly $-28.2 billion. The industry losses are led by Alibaba Group Holding Limited, down -2.87%. Alibaba represents 14.7% of the industry, with a market capitalization of $489.7 billion.
Historically, the average daily return for the industry in week #15 has been 0.08%, while the mode daily return is 0.01%.
With a 42stocks weight of 501.3, Shopify ranks #111 against 4645 symbols tracked, and #4 of 133 within the industry. A lower rank is more favorable, while a lower weight is less favorable.