00:00It's Benzinga bringing Wall Street to Main Street
00:02Shopify shares fell Wednesday as traders took profits following an earlier weekly rally tied
00:07to its new partnership with Meta Platforms, according to Benzinga. The deal integrates
00:11Shopify's e-commerce platform with Meta's Muse Personal AI agent, allowing users to browse
00:16Shopify-powered merchants and complete purchases through ShopPay. Shopify remained above its 20-day,
00:2150-day, and 200-day moving averages, while its RSI of 52.95 indicated neutral momentum.
00:28The stock has support at $124 and resistance at $156.50. Analysts remain positive, with an average
00:36price forecast of $168. Wedbush maintained an outperform rating with a $176 forecast on Wednesday.
00:44Shares were down 3.76% to $142.18 at the time of publication, according to Benzinga Pro data.
00:52For all things money, visit Benzinga.com.
