A positive earnings report and a general rebound in equities, particularly previously depressed high-beta names, propelled Shopify (SHOP.TO) to a 19.3% gain last week, including a rise of 2.4% on Friday alone.
This big two-day rally brought two months of weakening relative performance to an abrupt end as the shares jumped 33 spots in the SIA S&P/TSX 60 Index Report last week, including a move up of 7 positions on Friday to 13th place.