Why Shopify’s New Pricing Plan Is Driving the Stock Higher

Shopify

stock got a lift after the e-commerce company announced changes to its pricing—a move one analyst said positions it for better growth.

“The price we charge for access to the best tools in commerce has remained largely unchanged for the last 12 years,” wrote Kaz Nejatian,

Shopify

‘s chief operating officer, in a blog post announcing the changes.