Shopify Merchants Drive Record-High $9.3 Billion in Black Friday

Shopify Inc. (NYSE: SHOP), a provider of essential internet infrastructure for commerce, announced today that Shopify merchants reached a record $9.3 billion in sales* over Black Friday Cyber Monday (BFCM) weekend - a 24% increase from last year.

From early Friday in New Zealand to late Monday in California, more than 61 million consumers globally purchased from brands powered by Shopify.
Shopping peaked when collective sales reached $4.2 million per minute at 12:01 p.m. EST on Black Friday.

BFCM highlights from Shopify merchants

1. Peak sales per minute: $4.2 million at 12:01 PM EST on Nov. 24.

2. 61 million consumers globally purchased from Shopify-powered brands.

3. Hottest product categories: apparel and accessories, health and beauty, and home and garden.

4. Average cart price: $108.12 ($107.53 on a constant currency basis).

5. Top selling countries: U.S., U.K., Australia, Canada, and Germany.

6. Top selling cities: Los Angeles, New York, and London.

7. Cross-border orders represented 15% of all global orders.

8. 56,000+ tonnes of carbon removal funded by Shopify to counteract shipping emissions.

Technical Analysist
Price Momentum
SHOP is trading near the top of its 52-week range and above its 200-day simple moving average.

What does this mean?
Investors have been pushing the share price higher, and the stock still appears to have upward momentum. This is a positive sign for the stock's future value.