Here's Why Lightspeed Commerce's Stock Is Falling Today
Shares of Lightspeed Commerce (NYSE: LSPD) were plummeting today after U.S. short-seller and investment manager Spruce Point Capital released a bearish report on the Canadian-based payment solutions company.
The tech stock fell by as much as 14% today and was down by 11.9% as of 3:25 p.m. EDT.
The most eye-popping statement from Spruce Point's report is that the investment firm believes Lightspeed's stock could fall by 60% to 80% over the long term.
Source Fool.com
