Shopify SHOP shares soared 7.1% in the last trading session to close at $147.74. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 7.9% loss over the past four weeks. Shopify is benefiting from broad merchant gains, deeper payments adoption, and expansion across online, offline, and B2B channels. This cloud-based commerce company is expected to post quarterly earnings of $0.44 per share in its upcoming report, which represents a year-over-year change of +29.4%. Revenues are expected to be $3.73 billion, up 31.2% from the year-ago quarter.
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