Shopify S First Trading Day After A 10 To 1 Split Sees Shares Drop Over 5
Further, the split approved in early June gave CEO Tobi Lutke ‘founder shares’, which means that he will retain 40% of the votes at the company even if his ownership is reduced. These shares were approved despite the dismay of many investors. SHOP chart and analysis Meanwhile, shares closed down over 5% on June 29, effectively remaining below all daily Simple Moving Averages (SMAs). Higher trading volumes were noted from the second part of April 2022, and have continued throughout; however, the shares remain in downward momentum....