Jim Cramer Says Shopify’s Selloff Is Overblown

Shopify Inc. (NASDAQ:SHOP) is one of the stocks Jim Cramer recently shared thoughts on. Cramer discussed the stock’s recent decline, as he commented:

“How about a stock like Shopify? I picked this one, this internet behind-the-scenes player, because I’ve done the homework, that’s why. More specifically, I was able to get into this market’s kitchen and see how the sausage was made, and I didn’t like it. Shopify’s a big company, and its stock, like so many others, trades with the futures even though it’s Canadian. That’s why the stock started going down hard. It was just right in line with Palantir, as if there was something truly wrong with this company.

Photo by Roberto Cortese on Unsplash

Shopify Inc. (NASDAQ:SHOP) provides a commerce platform that helps businesses manage products, orders, payments, and customer relationships.

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READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.

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