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Looking at major IPOs over the past 15 years, 19 of the 31 (61%) saw a maximum drawdown of more than 50% in their first year of trading, per Truist chief markets strategist Keith Lerner. The largest first-year drop belongs to Robinhood (HOOD), with a decline of 90%.
The company reported adjusted earnings of 42 cents per share, topping the analyst consensus estimate of 40 cents. Revenue increased 34.3% year over year to $3.58 billion, exceeding the consensus estimate of $3.45 billion.
Shopify (SHOP) is up 17.8% today. Here is some analysis on what might have caused this price movement.
BRYCE TUOHEY•UPDATED AUG. 5, 2026, 7:48 AM ET Reviewed by Tim Sykesand Fact-checked by Matt Monaco
In the latest close session, Shopify (SHOP) was down 1.16% at $123.03. This change lagged the S&P 500’s 0.89% gain on the day. Elsewhere, the Dow gained 0.74%, while the tech-heavy Nasdaq added 1.29%.
Salesforce Inc.(NYSE:CRM) stock climbed nearly 3% on Monday as investors rotated back into large-cap technology stocks amid improving risk appetite. The Nasdaq gained 1.24%, the S&P 500 advanced 1.13%.
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TradingKeyAug 4, 2026 6:15 PM View all comments(0) • Shopify shares rose due to robust earnings and enterprise-level merchant growth. • Integration of generative AI tools has improved merchant conversion rates and efficiency. • Cooling inflation and resilient consumer spending have boosted growth-oriented technology stock sentiment.
Tenable (NASDAQ: TENB) is a cybersecurity company that specializes in exposure management, a proactive form of enterprise protection that identifies vulnerabilities in corporate networks before attackers can exploit them. Hackers are currently using artificial intelligence (AI) to find these weaknesses faster than ever before, so demand for exposure management is surging.
RBC pushes back on AI-driven software displacement with new TCO model. Shashank Nayar·Stocktwits Published Jul 27, 2026 | 3:00 PM EDT