# Shopify (SHOP) stock crashed on May 5 after the e-commerce giant posted a better-than-expected Q1.

*business · news · 2026-05-06 · Barchart*

## Key points

- Shopify's Q2 revenue guidance signals a slowdown to high-twenties growth from 34% in Q1.
- Barchart currently rates Shopify stock as '80% SELL' based on major technical indicators.
- Shopify's put-to-call options ratio for July suggests potential downside of nearly 20% to $88.
- Company insiders have mainly sold Shopify shares over the past year, signaling reduced confidence.
- Despite recent declines, Shopify is still trading at approximately 94x forward earnings.

**Companies:** Shopify
**Countries:** Canada

[Read the full story on Barchart](https://www.barchart.com/story/news/1743184/as-shopify-sinks-14-following-earnings-here-s-what-barchart-data-says-comes-next-for-shop-stock)

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