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Confirmed

Risk-On Basket · SHOP

6 names are moving together; 50% are participating in the current session.

Co-movement

Observed intraday paths are not available for this group yet.

Members

TICKERCompanySectorTodayObserved activity
TDOCTeladoc Health, Inc.Healthcare+4.0%Group member
SRADSportradar Group AGTechnology+1.0%Group member
TOIThe Oncology Institute, Inc.Healthcare+6.0%Group member
CNXNPC Connection, Inc.Technology+1.5%Group member
EEFTEuronet Worldwide, Inc.Technology+0.3%Group member
LVSLas Vegas Sands Corp.Consumer Cyclical-1.7%Group member
SHOPShopify Inc.Technology+1.9%Most structurally connected

Why we believe this

Cohort

6 names

Participation

50% this session

Observed history

1 daily builds

Filing coverage

6/7 members

restructuring affecting expense

General and administrative expenses increased for the nine months ended September 30, 2025 compared to the same period in 2024, due to a reversal of a previously recorded estimated legal liability of $55 million in the second quarter of 2024 and an increase of $13 million for impairment related costs associated with right-of-use assets and leasehold improvements, offset by a decrease of $17 million in indirect taxes.

SHOP 10-Q

credit / rates

This decrease for the three months ended March 31, 2026 compared to the same period in 2025 was largely driven by the shift of borrowing from the Credit Facility to the 2030 Convertible Notes during the first quarter of 2026.

EEFT 10-Q

supply chain

The largest component of the period-over-period change was an increase in subscription fees of $101 million driven by an increase in MRR, which was a result of a higher number of merchants using our platform and by a larger percentage of subscriptions coming from higher priced plans, such as Plus.

SHOP 10-Q

Cross-asset confirmation is still fragile, so spillover can stall before it becomes durable.

Connected, outside the group

No high-confidence filing-linked non-members are available for this group yet.

History

Historical cohort observations are not available yet.