Shopify Option Alert: Jun 20 $110 Puts at the Bid: 1300 vs 3643 OI; Earnings 5/7 Before Open [est] 

Shopify Option Alert: Jun 20 $110 Puts at the Bid: 1300 @ $15.9 vs 3643 OI; Earnings 5/7 Before Open [est] Ref=$101.045

Shopify (NASDAQ:SHOP) Stock

Shopify

Shopify offers an e-commerce platform primarily to small and medium-size businesses. The firm has two segments. The subscription solutions segment allows Shopify merchants to conduct e-commerce on a variety of platforms, including the company's website, physical stores, pop-up stores, kiosks, social networks (Facebook), and Amazon. The merchant solutions segment offers add-on products for the platform that facilitate e-commerce and include Shopify Payments, Shopify Shipping, and Shopify Capital.

Shopify Inc. - Class A Subordinate Voting Shares

Shopify Inc

SHOPX

Sunstone Hotel Investors, Inc. 6.125% Series H Cumulative Redeemable Preferred Stock

Sunstone Hotel Investors Inc

Sunstone Hotel Investors, Inc. 5.70% Series I Cumulative Redeemable Preferred Stock

Shopping

SHOPRITE HLDGS LTD S/ADR by Shoprite Holdings Ltd.

Shoprite Holdings Ltd

SHOPRITE HLDGS LTD ORD by Shoprite Holdings Ltd.

Financial giants have made a conspicuous bullish move on Shopify. Our analysis of options history for Shopify (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NASDAQ">SHOP</a>) revealed 28 unusual trades.
Delving into the details, we found 60% of traders were bullish, while 25% showed bearish tendencies. Out of all the trades we spotted, 16 were puts, with a value of $2,815,885, and 12 were calls, valued at $1,303,764.
<h3>What's The Price Target?</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $75.0 to $100.0 for Shopify during the past quarter. 
<h3>Volume &amp; Open Interest Trends</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Shopify's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Shopify's substantial trades, within a strike price spectrum from $75.0 to $100.0 over the preceding 30 days.
<h3>Shopify 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1745344926_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>SHOP</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>06/18/26</td>
<td>$18.45</td>
<td>$18.45</td>
<td>$18.45</td>
<td>$85.00</td>
<td>$819.1K</td>
<td>4.9K</td>
<td>1.0K</td>
</tr>
<tr>
<td>SHOP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/18/26</td>
<td>$16.4</td>
<td>$16.15</td>
<td>$16.17</td>
<td>$100.00</td>
<td>$628.2K</td>
<td>477</td>
<td>450</td>
</tr>
<tr>
<td>SHOP</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/18/26</td>
<td>$18.45</td>
<td>$18.2</td>
<td>$18.2</td>
<td>$85.00</td>
<td>$596.9K</td>
<td>4.9K</td>
<td>2.9K</td>
</tr>
<tr>
<td>SHOP</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/18/26</td>
<td>$18.5</td>
<td>$18.45</td>
<td>$18.45</td>
<td>$85.00</td>
<td>$276.7K</td>
<td>4.9K</td>
<td>1.6K</td>
</tr>
<tr>
<td>SHOP</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/18/26</td>
<td>$18.5</td>
<td>$17.6</td>
<td>$18.4</td>
<td>$85.00</td>
<td>$272.3K</td>
<td>4.9K</td>
<td>2.4K</td>
</tr>
</tbody>
</table>

<h3>About Shopify</h3>
Shopify offers an e-commerce platform primarily to small and medium-size businesses. The firm has two segments. The subscription solutions segment allows Shopify merchants to conduct e-commerce on a variety of platforms, including the company's website, physical stores, pop-up stores, kiosks, social networks (Facebook), and Amazon. The merchant solutions segment offers add-on products for the platform that facilitate e-commerce and include Shopify Payments, Shopify Shipping, and Shopify Capital.
<h3>Where Is Shopify Standing Right Now?</h3>
<ul>
<li>Trading volume stands at 5,575,999, with SHOP's price up by 4.08%, positioned at $84.97.</li>
<li>RSI indicators show the stock to be may be approaching oversold.</li>
<li>Earnings announcement expected in 16 days.</li>
</ul>
<h3>What The Experts Say On Shopify</h3>
5 market experts have recently issued ratings for this stock, with a consensus target price of $103.2.
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&#x2A; An analyst from Mizuho has decided to maintain their Neutral rating on Shopify, which currently sits at a price target of $85. 
&#x2A; Consistent in their evaluation, an analyst from Morgan Stanley keeps a Overweight rating on Shopify with a target price of $106. 
&#x2A; An analyst from Loop Capital persists with their Buy rating on Shopify, maintaining a target price of $120. 
&#x2A; An analyst from Cantor Fitzgerald persists with their Neutral rating on Shopify, maintaining a target price of $80. 
&#x2A; Maintaining their stance, an analyst from RBC Capital continues to hold a Outperform rating for Shopify, targeting a price of $125. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Shopify options trades with real-time alerts from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.

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SHOP

Shopify's Options Frenzy: What You Need to Know

WIIM

Shopify shares are trading higher. Goldman Sachs maintained a Buy rating on the stock.

Goldman Sachs analyst Gabriela Borges maintains Shopify (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NASDAQ">SHOP</a>) with a Buy and lowers the price target from $150 to $130.

News

Price Target

Analyst Ratings

Goldman Sachs Maintains Buy on Shopify, Lowers Price Target to $130

RBC Capital analyst Paul Treiber maintains Shopify (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NASDAQ">SHOP</a>) with a Outperform and lowers the price target from $145 to $125.

RBC Capital Maintains Outperform on Shopify, Lowers Price Target to $125

Investors with a lot of money to spend have taken a bearish stance on Shopify (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NASDAQ">SHOP</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with SHOP, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://www.benzinga.com/pro/">Benzinga</a>'s options scanner spotted 65 uncommon options trades for Shopify.
This isn't normal.
The overall sentiment of these big-money traders is split between 38% bullish and 58%, bearish.
Out of all of the special options we uncovered, 44 are puts, for a total amount of $3,978,880, and 21 are calls, for a total amount of $2,906,170.
<h3>Predicted Price Range</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $65.0 to $130.0 for Shopify during the past quarter. 
<h3>Volume &amp; Open Interest Development</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Shopify's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Shopify's significant trades, within a strike price range of $65.0 to $130.0, over the past month.
<h3>Shopify 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1744833671_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>SHOP</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>05/16/25</td>
<td>$5.3</td>
<td>$5.05</td>
<td>$5.1</td>
<td>$90.00</td>
<td>$1.1M</td>
<td>2.9K</td>
<td>2.3K</td>
</tr>
<tr>
<td>SHOP</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/17/25</td>
<td>$13.1</td>
<td>$13.1</td>
<td>$13.1</td>
<td>$95.00</td>
<td>$588.2K</td>
<td>2.2K</td>
<td>473</td>
</tr>
<tr>
<td>SHOP</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/17/25</td>
<td>$13.0</td>
<td>$12.95</td>
<td>$13.0</td>
<td>$95.00</td>
<td>$416.0K</td>
<td>2.2K</td>
<td>1.6K</td>
</tr>
<tr>
<td>SHOP</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/17/25</td>
<td>$13.0</td>
<td>$12.4</td>
<td>$13.0</td>
<td>$95.00</td>
<td>$362.7K</td>
<td>2.2K</td>
<td>752</td>
</tr>
<tr>
<td>SHOP</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$16.2</td>
<td>$15.75</td>
<td>$15.75</td>
<td>$85.00</td>
<td>$157.5K</td>
<td>2.1K</td>
<td>3</td>
</tr>
</tbody>
</table>

<h3>About Shopify</h3>
Shopify offers an e-commerce platform primarily to small and medium-size businesses. The firm has two segments. The subscription solutions segment allows Shopify merchants to conduct e-commerce on a variety of platforms, including the company's website, physical stores, pop-up stores, kiosks, social networks (Facebook), and Amazon. The merchant solutions segment offers add-on products for the platform that facilitate e-commerce and include Shopify Payments, Shopify Shipping, and Shopify Capital.
Following our analysis of the options activities associated with Shopify, we pivot to a closer look at the company's own performance.
<h3>Where Is Shopify Standing Right Now?</h3>
<ul>
<li>With a trading volume of 7,113,299, the price of SHOP is down by -1.31%, reaching $82.81.</li>
<li>Current RSI values indicate that the stock is is currently neutral between overbought and oversold.</li>
<li>Next earnings report is scheduled for 21 days from now.</li>
</ul>
<h3>Professional Analyst Ratings for Shopify</h3>
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $101.2.
Unusual Options Activity Detected: Smart Money on the Move
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&#x2A; An analyst from Morgan Stanley has decided to maintain their Overweight rating on Shopify, which currently sits at a price target of $106. 
&#x2A; Consistent in their evaluation, an analyst from Mizuho keeps a Neutral rating on Shopify with a target price of $85. 
&#x2A; An analyst from Loop Capital persists with their Buy rating on Shopify, maintaining a target price of $120. 
&#x2A; An analyst from Cantor Fitzgerald has decided to maintain their Neutral rating on Shopify, which currently sits at a price target of $80. 
&#x2A; An analyst from DA Davidson persists with their Buy rating on Shopify, maintaining a target price of $115. 
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Shopify with <a href="https://www.benzinga.com/pro/">Benzinga Pro</a> for real-time alerts.

Shopify's Options: A Look at What the Big Money is Thinking

Loop Capital analyst Anthony Chukumba maintains Shopify (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NASDAQ">SHOP</a>) with a Buy and lowers the price target from $150 to $120.

Loop Capital Maintains Buy on Shopify, Lowers Price Target to $120

Cantor Fitzgerald analyst Deepak Mathivanan maintains Shopify (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NASDAQ">SHOP</a>) with a Neutral and lowers the price target from $120 to $80.

Cantor Fitzgerald Maintains Neutral on Shopify, Lowers Price Target to $80

Morgan Stanley maintains Shopify (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NASDAQ">SHOP</a>) with a Overweight and lowers the price target from $144 to $106.

Morgan Stanley Maintains Overweight on Shopify, Lowers Price Target to $106

Mizuho analyst Siti Panigrahi maintains Shopify (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NASDAQ">SHOP</a>) with a Neutral and lowers the price target from $110 to $85.

Mizuho Maintains Neutral on Shopify, Lowers Price Target to $85

Adaptive Security, a New York-based cybersecurity firm, has successfully raised $43 million in a Series A funding round. According to<a href="https://www.msn.com/en-us/money/smallbusiness/why-openai-and-andreessen-horowitz-just-bet-43-million-on-this-little-known-startup/ar-AA1Cmvds"> Inc.</a>, this round was co-led by <a href="https://www.benzinga.com/25/04/44580172/openai-finalizes-historic-40-billion-funding-round-valuing-company-at-300-billion-with-backing-from-softbank-and-microsoft">OpenAI</a>&#8216;s Startup Fund and <a href="https://www.benzinga.com/startups/24/08/40221033/peter-thiel-launched-j-d-vances-venture-capital-career-but-a-former-colleague-says-he-was-rarely-in">venture capital</a> firm Andreessen Horowitz, marking OpenAI&#8217;s inaugural investment in the cybersecurity sector.
Other participants included Abstract Ventures, Eniac Ventures, CrossBeam Ventures, and K5, along with executives from companies such as Alphabet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>, GOOGL)), Workday (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDAY#NASDAQ">WDAY</a>), Shopify (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>), Plaid, and Paxos.
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<h2 class="wp-block-heading">A Strategic $43M Investment in Cyber Defense</h2>
Adaptive Security was founded after its creators recognized the growing threat of AI-enabled cyber attacks. The startup is creating a new AI-native defense platform that will enable enterprises to proactively detect, protect against, and respond to advanced threats, such as deep fake social engineering.
The program uses AI to scan and flag fraudulent-looking messages by assigning them risk levels and alerting company security teams. Adaptive Security also preemptively tests employees with simulated phishing attacks via AI-generated emails, text messages, and voice calls, offering personalized training if they fall for the simulated phishing attempts.
Brian Long, co-founder and CEO of Adaptive Security, emphasized the company&#8217;s mission on the startup&#8217;s official site: &#8220;Adaptive's mission is to protect people from AI-powered cyber attacks. Over the next decade, we will work tirelessly to stay one step ahead of attackers with enhanced features, new products, and scale to every business globally.&#8221;
Trending: ‘Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. <a href="https://www.benzinga.com/money/mode-mobile-2">You can invest today for just $0.26/share with a $1000 minimum.</a>
This investment is all the more notable as it involves OpenAI, a pioneer in AI research and deployment. This collaboration shows a broader recognition in the industry when it comes to the importance of strong cybersecurity measures, especially since the pace of development around AI increased. Adaptive Security&#8217;s platform is designed to stay one step ahead of malicious actors who use AI increasingly to carry out sophisticated cyber attacks.
Adaptive Security was publicly launched in January and has since signed over 100 customers, <a href="https://techcrunch.com/2025/04/03/openai-just-made-its-first-cybersecurity-investment/">TechCrunch</a> wrote. According to Inc., some of the early adopters include Podium, First State Bank, the Dallas Mavericks, and BMC.
Word of how well this pilot project went spread, and that was a big factor in attracting OpenAI&#8217;s attention and subsequent investment. The fresh capital will be used to expand the engineering team, whose goal is to enhance the platform to better defend against new AI-powered cyber attacks.
See Also: <a href="https://www.benzinga.com/money/vatom-adv">Invest in the Future of Digital Engagement. Own a Piece of the $100 Billion Metaverse Today for Just $500.</a>
<h2 class="wp-block-heading">What the Investment Means for Adaptive Security's Future</h2>
Cybersecurity is undergoing a paradigm shift with cybercriminals using generative AI to enhance the scale and sophistication of their attacks. Such advanced threats are often beyond traditional security solutions.
Adaptive Security&#8217;s ingenious approach addresses this gap by identifying and handling threats and by strengthening the human element within organizations through specific training and simulations.
Having Andreessen Horowitz on board also proves the startup can set a new bar in the cybersecurity sector. Adaptive Security&#8217;s mission aligns with the venture capital firm's commitment to paving the way for impactful technology portfolio startups. Together, these two forces can drive the development and deployment of the solutions that will protect businesses from the next generation of cyber threats. ​
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Shares of companies in the broader technology sector are trading higher after President Trump issued a 90-day pause on reciprocal tariffs for all countries except China, which is restoring investor confidence.

Affirm Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AFRM#NASDAQ">AFRM</a>) and Shopify Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NASDAQ">SHOP</a>) announced on Wednesday that they are accelerating their <a target="_blank" href="https://www.benzinga.com/pressreleases/25/04/b44706833/affirm-and-shopify-accelerate-global-expansion-of-shop-pay-installments" rel="noreferrer noopener">global expansion plans</a>.
Shopify merchants in Canada with early access can now offer Shop Pay Installments, exclusively powered by Affirm, to shoppers, marking the product&#8217;s first availability outside the U.S.
Shop Pay Installments will become available to Shopify merchants in Canada and the U.K. <a target="_blank" href="https://www.benzinga.com/25/02/43851903/why-affirm-holdings-stock-is-rising-thursday" rel="noreferrer noopener">in general this summer</a>, with cross-border commerce capabilities between the U.S., Canada, and the U.K. to follow.
Also Read: <a target="_blank" href="https://www.benzinga.com/25/03/44569790/goldman-sachs-picks-amazon-google-and-meta-for-strong-growth-in-ecommerce-and-digital-advertising" rel="noreferrer noopener">Shoptalk 2025: Goldman Sachs Analyst Unveils Insights On AI, Video, Retail And Stock Picks</a>
The companies plan to expand to Australia and Western Europe next, starting with France, Germany, and the Netherlands.
Affirm looks forward to engaging with its local constituents, including shoppers, merchants, capital partners, and regulators. Affirm Holdings stock plunged 42% year-to-date.
In March, Affirm Holdings expanded its&nbsp;<a target="_blank" href="https://www.benzinga.com/25/04/44586154/stride-bank-partners-with-affirm-to-issue-affirm-card-enhancing-flexible-payment-options-for-consumers" rel="noreferrer noopener">multi-year deal </a>with&nbsp;JPMorgan Chase &amp; Co&#8217;s&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) JP Morgan Payments unit, further integrating Affirm&#8217;s pay-over-time solutions&nbsp;into the bank&#8217;s Commerce Platform.
In March, the company lost its exclusive Walmart Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) loan partnership after Klarna announced a collaboration with&nbsp;OnePay to offer installment loans at&nbsp;Walmart.
Goldman Sachs&nbsp;analyst Will Nance estimated that Walmart&#8217;s contribution to Affirm&#8217;s calendar 2024 GMV is roughly ~$2.2 billion (7% of the total). However, Affirm subsequently disclosed that Walmart comprised 5% of GMV (versus the analyst&#8217;s ~5-10% estimate) and 2% of operating income (versus the analyst&#8217;s 10-19% impact estimate).
Affirm Holdings is poised to benefit from BNPL&#8217;s growth in e-commerce, the younger generation&#8217;s preference for installment financing, and BNPL&#8217;s more tailored credit offerings, as per Nuance.
Price Action: At the last check on Wednesday, AFRM stock was up 4.11% to $37.94, while SHOP was up 2.18%.
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Photo via Affirm

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Affirm And Shopify Announced The Acceleration Of Their Global Expansion Plans

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Shares of companies within the broader tech sector are trading lower amid an overall market reversal on US-China trade tensions.

U.S. stocks were higher, with the Dow Jones index surging over 1,300 points on Tuesday.
Shares of Marvell Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) rose sharply during Tuesday's session after Infineon Technologies agreed to acquire its Automotive Ethernet <a href="https://in.benzinga.com/25/04/44683383/marvell-plays-ai-hardball-divestiture-sparks-155-upside-says-analyst">Business for $2.5 billion in cash</a>.
The transaction includes Marvell&#8217;s Brightlane Automotive Ethernet portfolio and related assets. The company projected this segment to generate $225 million to $250 million in revenue in 2025, with a gross margin of around 60%.
Marvell Technology shares jumped 10.1% to $56.16 on Tuesday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>agilon health, inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGL#NYSE">AGL</a>) shares jumped 31.8% to $5.60.</li>
<li>NextDecade Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NEXT#NASDAQ">NEXT</a>) gained 23.3% to $7.38 after the company announced a 20-year LNG sale and purchase agreement to supply 1.2 million tonnes per year to a subsidiary of Saudi Aramco.</li>
<li>Venture Global, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VG#NYSE">VG</a>) gained 21.4% to $8.50.</li>
<li>CorMedix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRMD#NASDAQ">CRMD</a>) shares rose 21.1% to $7.36 after the company issued first-quarter preliminary revenue guidance above estimates.</li>
<li>Pacira BioSciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PCRX#NASDAQ">PCRX</a>) gained 16.1% to $26.60 after HC Wainwright &amp; Co. raised its price target on the stock from $48 to $65 and maintained a Buy rating.</li>
<li>Alignment Healthcare, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALHC#NASDAQ">ALHC</a>) jumped 14.9% to $20.48.</li>
<li>Uxin Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UXIN#NASDAQ">UXIN</a>) gained 14.7% to $3.9098.</li>
<li>Carvana Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVNA#NYSE">CVNA</a>) climbed 14.6% to $192.29.</li>
<li>Applied Optoelectronics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAOI#NASDAQ">AAOI</a>) rose 14% to $12.81.</li>
<li>ECARX Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ECX#NASDAQ">ECX</a>) gained 14% to $1.14 after the company announced it increased its share repurchase program by $20 million to $40 million.</li>
<li>Humana Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUM#NYSE">HUM</a>) rose 12.3% to $286.14 following a WSJ report indicating the Trump administration will increase Medicare Advantage rates.</li>
<li>Rhythm Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RYTM#NASDAQ">RYTM</a>) gained 12.4% to $61.76. Canaccord Genuity analyst Whitney Ijem maintained Rhythm Pharmaceuticals with a Buy and raised the price target from $81 to $92.</li>
<li>Grab Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRAB#NASDAQ">GRAB</a>) rose 12.4% to $3.9150.</li>
<li>Sandisk Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNDK#NASDAQ">SNDK</a>) gained 12.4% to $35.40.</li>
<li>Western Digital Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDC#NASDAQ">WDC</a>) rose 10% to $34.26.</li>
<li>AppLovin Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>) gained 10% to $255.36.</li>
<li>CVS Health Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVS#NYSE">CVS</a>) rose 8.5% to $69.29 after the company announced changes to management and Medicare increased advantage payment rates.</li>
<li>NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) gained 7.9% to $105.39.</li>
<li>Shopify Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>) rose 7.8% to $85.05.</li>
<li>Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) gained 6.3% to $248.09.</li>
<li>Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) rose 4.2% to $189.13. U.S. consumers are reportedly rushing to Apple stores to purchase new iPhones ahead of potential price hikes caused by President Donald Trump&#8217;s newly announced tariffs on Chinese imports.</li>
</ul>
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Marvell Technology, Nvidia, Tesla, Apple And Other Big Stocks Moving Higher On Tuesday

Shopify Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NASDAQ">SHOP</a>) CEO Tobi Lutke has introduced a new policy requiring employees to demonstrate that their tasks cannot be accomplished using AI before requesting additional staff.
What Happened: In a memo shared with staff and posted to X, formerly Twitter, on Monday, Lutke outlined a shift in Shopify's approach to hiring and resource allocation.
The memo emphasized that employees should consider AI as a tool for productivity before asking for more human resources.
"What would this area look like if autonomous AI agents were already part of the team?" Lutke asked in the memo. "This question can lead to really fun discussions and projects."
See Also: <a href="https://in.benzinga.com/25/02/43615957/shopify-gears-up-for-q4-print-here-are-the-recent-forecast-changes-from-wall-streets-most-accurate-analysts">Shopify Gears Up For Q4 Print; Here Are The Recent Forecast Changes From Wall Street&#8217;s Most Accurate Analysts</a>
He further stressed that using AI has been a "multiplier" for productivity, helping employees achieve results that were once considered impossible or too daunting to attempt.
Lutke highlighted that AI usage would now be incorporated into performance reviews, signaling the company&#8217;s push to embed artificial intelligence into daily tasks across all teams.&nbsp;
"I've seen many of these people approach implausible tasks, ones we wouldn't even have chosen to tackle before, with reflexive and brilliant usage of AI to get 100X the work done," Lutke wrote.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://t.co/6i6h3sKi3x">https://t.co/6i6h3sKi3x</a>
&mdash; tobi lutke (@tobi) <a href="https://twitter.com/tobi/status/1909251946235437514?ref_src=twsrc%5Etfw">April 7, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: The directive comes as tech companies increasingly embrace AI, with Shopify rolling out AI-powered tools such as the "Sidekick" chatbot and the automation suite "Shopify Magic" to assist its merchants.
In February, Shopify reported <a href="https://in.benzinga.com/news/earnings/25/02/43622684/shopify-q4-earnings-31-revenue-surge-free-cash-flow-growth-gmv-hits-94-5-billion">fourth-quarter revenue</a> of $2.81 billion, marking a 31% year-over-year increase and surpassing analysts' expectations of $2.73 billion.
Price Action: Shopify&#8217;s stock has declined about 26.70% year-to-date, ending Monday's session at $78.82 after gaining 2.51%, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
Benzinga Edge Stock Rankings gives Shopify (SHOP) a strong growth score of 95.11%. Curious how it stacks up against other stocks? <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Click here for the full analysis</a>.
Read Next:
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<li><a href="https://in.benzinga.com/markets/equities/25/02/43649078/shopify-secures-12-of-us-e-commerce-pie-as-reebok-champion-and-warner-music-join-platform">Shopify Secures 12% Of US E-Commerce Pie As Reebok, Champion, And Warner Music Join Platform</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Media

Shopify CEO Tobi Lutke Says Employees Must Prove AI Can't Handle Their Tasks Before Requesting More Headcount

While most discussions on trade and tariffs center around manufacturing and merchandise, software and service providers can be just as vulnerable. 
According to analysts, e-commerce software vendors and platforms such as&nbsp;Shopify Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NASDAQ">SHOP</a>),&nbsp;Bigcommerce Holdings Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIGC#NASDAQ">BIGC</a>), and&nbsp;Lightspeed Commerce Inc.&nbsp;(TSE: LSPD) are now the &#8216;most exposed&#8217; due to recent events.
What Happened: On Wednesday, President Donald Trump closed the <a href="https://www.whitehouse.gov/fact-sheets/2025/04/fact-sheet-president-donald-j-trump-closes-de-minimis-exemptions-to-combat-chinas-role-in-americas-synthetic-opioid-crisis/">De Minimis exemption</a> for China and Hong Kong, which allowed low-value imports worth less than $800 to enter the United States duty-free.
This order is set to go into effect on May 2, 2025, with the President blaming deceptive practices used by Chinese shipping companies, along with the rise of fentanyl coming from China, for the decision.
According to analyst<a href="https://in.investing.com/news/stock-market-news/ecommerce-software-vendors-most-exposed-to-trump-tariffs-says-bofa-4755567">s</a> at Bank of America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>), this is a major setback for e-commerce platforms such as Shopify and Bigcommerce. Duties imposed on the merchandise flowing through their platforms will certainly impact volumes, affecting their revenue models, as <a href="https://in.investing.com/news/stock-market-news/ecommerce-software-vendors-most-exposed-to-trump-tariffs-says-bofa-4755567">reported</a> by Investing.com
The analysts stated that with intensifying competition in the e-commerce space, <a href="https://www.benzinga.com/economics/macro-economic-events/25/03/44542821/inflation-will-accelerate-in-coming-months-if-april-2-tariffs-take-effect-economist-warns">passing the higher costs to consumers</a> is no longer an option. On the other hand, enterprise software firms are better insulated from this impact, given their focus on domestic clients, and less reliance on global trade.
See More: <a href="https://www.benzinga.com/25/04/44639682/trump-gets-sued-over-china-tariffs-congress-did-not-grant-presidents-blank-check-to-write-domestic-policy">Trump Gets Sued Over China Tariffs: Congress Did Not Grant Presidents &#8216;Blank Check To Write Domestic Policy&#8217;</a>
Why It Matters: Every day, 4 million de minimis shipments from China are processed by the U.S. Customs and Border Protection before being allowed into the country duty-free. Now, they will be charged either 30% of their value, or $25 per item, going up to $50 per item on June 1st, according to the White House fact sheet.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Company</td>
<td>Yesterday</td>
<td>Year-To-Date</td>
<td>52-Week High / Low</td>
</tr>
<tr>
<td>Shopify (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NASDAQ">SHOP</a>)</td>
<td>-18.24%</td>
<td>-23.47%</td>
<td>$48.56 &#8211; $129.38</td>
</tr>
<tr>
<td>Bigcommerce Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIGC#NASDAQ">BIGC</a>)</td>
<td>-5.17%</td>
<td>-9.39%</td>
<td>$5.12 &#8211; $8.56</td>
</tr>
<tr>
<td>Lightspeed Commerce (TSE: LSPD) </td>
<td>-10.94%</td>
<td>-48.96%</td>
<td>$11.54 &#8211; $26.60</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">e-Commerce stocks got crushed yesterday and have been under pressure throughout this year.</figcaption></figure>
According to Benzinga Edge Stock Rankings, Shopify still looks favorable in the long run, but how does it compare with Bigcommerce and Lightspeed? Sign up for <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Benzinga Edge</a> to find out!
Image via Shutterstock
Read More: 
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<li><a href="https://www.benzinga.com/trading-ideas/movers/25/04/44635604/meta-stock-drops-9-thursday-as-tariff-fears-shake-tech-sector-what-you-need-to-know">Meta Stock Drops 9% Thursday As Tariff Fears Shake Tech Sector: What You Need To Know</a></li>
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DATS, LMFA, TDTH, IVDAAAPL, AKAM, AMD, APPS, ARM, ARQQ, ASML, ATGL, CDNS, CMBM, CMTL, COHR, CSAI, DATS, DELL, DGNX, DT, ENPH, ENTG, FICO, FSLY, GDDY, GEN, GFS, GOOG, GOOGL, GWRE, INTC, INTZ, IVDA, JKS, KC, LAES, LDTC,
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Shares of companies within the broader technology sector are trading lower as markets react to President Trump's announcement of sweeping tariffs.

The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), which tracks the S&amp;P 500, is facing heavy selling pressure in Wednesday&#8217;s after-hours session following reciprocal tariffs<a href="https://www.benzinga.com/government/regulations/25/04/44618089/trumps-tariffs-surprise-triggers-carnage-magnificent-7-set-to-wipe-out-nearly-700-billion-in-market-value"> from the Trump Administration</a>.
What To Know: U.S. President Donald Trump unveiled sweeping new tariffs on Wednesday designed to help strengthen the American economy over the long term. The move could have dramatic impacts on the economy in the near term, as evidenced by the steep sell-off in reaction by the market.
The SPY was last down about 2.8% after hours, trading just below the $550 level. With a market capitalization of approximately $47.36 trillion as of April 1, <a href="https://www.slickcharts.com/sp500/marketcap#:~:text=The%20S%26P%20500%20has%20a,the%20outstanding%20float%20share%20count.">per</a> Slickcharts, the S&amp;P 500 saw approximately $1.3 trillion in value disappear on Wednesday.
Here&#8217;s a look at some of the biggest movers in the S&amp;P 500 after hours:
<ul>
<li>On Holding AG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ONON#NYSE">ONON</a>) down 15.01% at $38.22</li>
</ul>
<ul>
<li>Five Below Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVE#NASDAQ">FIVE</a>) down 13.5% at $70.49</li>
</ul>
<ul>
<li>AST SpaceMobile Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTS#NASDAQ">ASTS</a>) down 11.2% at $19.90</li>
</ul>
<ul>
<li>Dollar Tree Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NASDAQ">DLTR</a>) down 11.1% at $68.99</li>
</ul>
<ul>
<li>Lululemon Athletica Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>) down 10.9% at $251.96</li>
</ul>
<ul>
<li>Deckers Outdoor Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DECK#NYSE">DECK</a>) down 10.1% at $106.05</li>
</ul>
<ul>
<li>Skechers U.S.A. Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SKX#NYSE">SKX</a>) down 9.59% at $53.38</li>
</ul>
<ul>
<li>Shopify Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NASDAQ">SHOP</a>) down 9.01% at $91.58</li>
</ul>
<ul>
<li>V.F. Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VFC#NYSE">VFC</a>) down 8.77% at $14.95</li>
</ul>
<ul>
<li>Robinhood Markets Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) down 8.39% at $39.03</li>
</ul>
<ul>
<li>Viper Energy Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VNOM#NASDAQ">VNOM</a>) down 8.41% at $42.08</li>
</ul>
<ul>
<li>SharkNinja Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SN#NYSE">SN</a>) down 8.09% at $81.25</li>
</ul>
Read Next: 
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<li><a href="https://www.benzinga.com/government/regulations/25/04/44618089/trumps-tariffs-surprise-triggers-carnage-magnificent-7-set-to-wipe-out-nearly-700-billion-in-market-value">Markets Reel As Trump&#8217;s Tariffs Hit — Magnificent 7 Set To Shed Almost $700 Billion</a></li>
</ul>
Photo: Shutterstock.

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EMERGE Completes Sale of Non-Core Asset, Carnivore Club, for $500,000

Shopify to Announce Fourth-Quarter and Full-Year 2024 Financial Results February 11, 2025

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Shopify to Transfer U.S. Stock Exchange Listing to Nasdaq; No Change to TSX Listing

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