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Shopify (NYSE:SHOP) shares rose over 5% on Tuesday after announcing the completion of its long-planned sale of its logistics business to Flexport.
The sale of the business was originally announced in early May alongside the company’s earnings release. In connection with the sale, Shopify will receive stock representing a 13% equity interest in Flexport.
Shopify (SHOP) stock gained about 5% during Tuesday’s trading, among the biggest movers in the e-commerce sector in terms of gains alongside other upward travelers like Etsy (ETSY) +4.88% and Amazon +1.09%. Overstock (OSTK) +11.3%, Wayfair (W) +4.89%, and Chewy (CHWY) +5.22% were among other key gainers in a postive day for the sector on Tuesday.
When launching a new business, the ability to make a great first impression is priceless. To do this, though, you may feel that it is necessary to create the il
New Ventures Maine in partnership with Main Street Bath and GoDaddy Inc. has opened registration for the Grow Your Business Online program for fall 2023.
SPRINGFIELD, Mo. – The owner of a Kirbyville, Mo., towing company was sentenced in federal court today for leading a conspiracy to illegally tamper with the e
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The company logo of Marelli is displayed at the factory in Ora Town, Gunma Prefecture, Japan July 30, 2020. Picture taken July 30, 2020. REUTERS/Naomi Tajitsu/
