Shopify (SHOP) Hits New 52-Week High
As seen on the 24/7 Wall St. homepage on October 12, 2026.
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Gainers
Losers
Fabrinet opened 13.32% higher at $355.82, the widest single move across 382 priority names this morning. Thomson Reuters anchors the other end, down 9.84%, with Shopify close behind.
A four-year streak of beating revenue estimates ended, and the premarket reaction says investors were priced for perfection in e-commerce growth names.
Shopify just missed revenue estimates for the first time in 4 years. $SHOP: -16.1% pre-market https://t.co/Nk5Cyvebcj
- Replies0
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- Likes3
Q3 2026
EPS
$0.49
est $0.46
+6.6%
Revenue
$3.74B
est $3.74B
-0.1%
Traders took roughly 17% out of the stock within minutes of the filing, with an EPS beat and revenue in line with estimates. Margin mix is the problem: Merchant Solutions revenue rose 35% while gross profit grew 28%.
Gainers
Losers
The optical names took the worst of it at the close, with Ciena down 10.49% and Lumentum and Applied Optoelectronics close behind. Shopify's gain led a much tamer move on the other side of the 382-stock board.
Gainers
Losers
C3.ai is up 9.97% at the open, leading a board where ServiceNow, Salesforce, Shopify and Intuit all gained 3.5% or more. Applied Optoelectronics is down 6% on the other end of the same board.
Three years ago, $10,000 split between Shopify and Amazon looked like the same e-commerce bet. Shopify's half is now worth $30,678 against Amazon's $19,959, a gap of more than $10,700 on identical money.
PODCAST
Mad Money w/ Jim Cramer
Mad Money w/ Jim Cramer 9/29/26
- Cramer says the 30-year Treasury yield is the highest in 24 years, with over 40% of S&P 500 names in a bear market
- Public backlash against AI and data centers is the new narrative risk that could make October ugly
- Goldman Sachs called the most beaten-down of a caller's bank ideas alongside Capital One and BNY Mellon
- Interviews with Meta's Dina Powell McCormick on its AI agent Muse and BWX Technologies on its new long-term strategy
Cramer's message: public perception is now the AI trade's problem, and he thinks that plus long-end yields sets up a rough October. He still wants Goldman Sachs on weakness, calling it the most beaten-down of the bank names raised by a caller.
Gainers
Losers
NuScale Power closed 16.8% higher at $11.33, the widest single-name gain across our 111-stock priority list. At the other end, GoPro lost 15%, with Expedia, Shopify, Astera Labs and Baidu all down 7% or more.