Social Media Stocks To Watch - February 23rd

Today, three social media stocks stand out as noteworthy investments. Vertiv, Shopify, and Mondelez International have garnered attention due to their high trading volumes in recent days, indicating strong market interest.

Vertiv (VRT)

Vertiv Holdings Co specializes in designing, manufacturing, and servicing essential digital infrastructure technologies and life cycle services. Their solutions support data centers, communication networks, and various commercial and industrial environments across the Americas, Asia Pacific, Europe, the Middle East, and Africa.

On Friday, shares of Vertiv (VRT) experienced a decline, trading down to $95.92. During this period, the stock recorded a trading volume of approximately 15.6 million shares, surpassing its average of 12 million. Vertiv's stock has a market capitalization of $36 billion, with a price-to-earnings (P/E) ratio of 74.93. The stock has ranged from a low of $61.25 to a high of $155.84 over the past year.

Shopify (SHOP)

Shopify Inc. is a well-known commerce platform that offers various services to merchants worldwide. This includes tools for showcasing products, processing orders, and managing sales through multiple channels such as web storefronts, mobile apps, and social media.

As of Friday's trading session, Shopify's shares (NYSE:SHOP) fell to $115.40, with a trading volume of about 10 million shares, slightly above its average. The company maintains a market capitalization of $149.42 billion and has a P/E ratio of 74.45. Shopify's stock has fluctuated between $48.56 and $129.38 in the last year.

Mondelez International (MDLZ)

Mondelez International, Inc. operates globally in the consumer goods sector, focusing on manufacturing and selling snack foods and beverages. Their product range includes biscuits, chocolate, gum, candy, and various grocery items.

On Friday, Mondelez's stock traded up to $64.70 with a volume of 16.3 million shares, surpassing its average trading volume. The company boasts a market capitalization of $83.69 billion and features a P/E ratio of 18.92, with a 52-week low of $53.95 and a high of $76.06.

Investors interested in social media stocks may want to keep an eye on Vertiv, Shopify, and Mondelez International. The significant trading volume reflects potential opportunities and market interest in these companies.

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