Shopify Inc (NASDAQ:SHOP) shares jumped 14.8% to $105.26 Monday afternoon. It was earlier announced the stock will join the Nasdaq-100 beginning May 19, replacing MongoDB. The move positions Shopify among the market's top tech names and could attract index-fund inflows.

What Else: The e-commerce platform reported strong first-quarter results last Thursday, with revenue climbing 26.8% year-over-year to $2.36 billion, beating estimates.

Gross merchandise volume rose 22.8% to $74.75 billion, though adjusted EPS of 25 cents narrowly missed forecasts. Analysts cited robust growth in global merchant activity and resilient consumer demand as key drivers.

Sentiment also improved as the U.S. and China reached a landmark agreement to slash tariffs, easing recession and inflation fears. With U.S. tariffs dropping from 145% to 30% and China's from 125% to 10%, global trade pressures are receding.

Shopify noted minimal exposure to Chinese imports, suggesting limited direct impact from prior tariff risks. Analysts from Goldman Sachs and Piper Sandler expect continued growth into the second-quarter, with revenue forecast around $2.56 billion and EPS of 30 cents. Shopify's international momentum meanwhile remains a key pillar of its bullish outlook.

Read Also: New Inflation Data Hits Tuesday: Why It Could Kill Fed Rate Cut Hopes

How To Buy SHOP Stock

By now you're likely curious about how to participate in the market for Shopify – be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy “fractional shares,” which allows you to own portions of stock without buying an entire share.

In the case of Shopify, which is trading at $104.42 as of publishing time, $100 would buy you 0.96 shares of stock.

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to “go short” a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.

According to data from Benzinga Pro, SHOP has a 52-week high of $106.35 and a 52-week low of $69.84.