India, Aug. 5 -- Shares of Shopify Inc. (SHOP) surged nearly 18% on Wednesday after the e-commerce platform provider reported an increase in profit for the second quarter, helped by growth in gross merchandise volume (GMV) and revenues.

The stock is currently trading at $145.13, up $21.83 or 17.70%, on the Nasdaq. It opened at $150.12 after closing the previous session at $123.30. The stock has traded between $94.00 and $182.19 over the past 52 weeks.

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