US stock markets: Shopify shares tumble over 21% on weak Q2 forecast | Mint

Canadian e-commerce platform Shopify Inc’s stock tumbled more than 21 per cent in morning session in New York on Wednesday after announcing financial results. At 11:55 a.m. EDT on Wednesday, Shopify Inc shares were at $62.40, down 19.01 per cent on the New York Stock Exchange (NYSE). The company posted a loss of $273 million in the first quarter after a profit of $68 million a year ago. ALSO READ: Wall Street today: US stocks slip as Treasury yields rebound …