Shopify’s stock pops as the e-comm giant ditches the NYSE for the tech-heavy Nasdaq

The e-commerce giant will now join some of the world’s biggest tech companies.

3/19/25 9:11AM

Shares of Shopify jumped nearly 6% on Wednesday after the e-commerce platform announced plans to move its stock listing to the Nasdaq.

Shopify powers millions of businesses worldwide, helping them build, manage, and scale online stores. The switch marks the end of nearly a decade on the New York Stock Exchange and the Toronto Stock Exchange, where Shopify first went public in 2015. Its Class A shares will be delisted from the NYSE after trading closes on Friday, March 28, and will resume on Monday, March 31, under the same ticker: SHOP.

Shopify has been on a winning spree lately. In February, the company reported Q4 profit that more than doubled and saw its biggest jump in gross merchandise volume since the pandemic. Now, Shopify joins some of the world’s biggest tech companies on Nasdaq with the potential to land a spot in the Nasdaq-100, an index tracked by billions in investor funds like Invesco QQQ Trust. Shopify shares are up nearly 29% over the past year.

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Ford dips as another large fire breaks out at the New York Novelis aluminum plant

Shares of US auto giant Ford are down more than 2% on Thursday morning following reports of another major fire at its primary aluminum supplier’s plant in Oswego County, New York.

Local media reported that a four-alarm fire broke out at the Novelis plant, which supplies 40% of the aluminum sheet for the US auto industry, on Thursday morning.

Last month, Ford said a September fire at the plant would hit its earnings by between $1.5 billion and $2 billion in the fourth quarter. The company said it would be able to mitigate about $1 billion of that next year.

As of 10:15 a.m. ET, local officials said the fire is under control and everyone had been safely evacuated. Novelis previously said it would be able to restart operations at the part of the plant most damaged by the September fire next month.

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Shopify’s stock pops as the e-comm giant ditches the NYSE for the tech-heavy Nasdaq

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