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Why Nuvei Stock Fell Off a Cliff Today

TheMotleyFool

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Shares of Nuvei Corporation (NASDAQ: NVEI), a payment-processing company, were crumbling today after Spruce Point Capital Management, a short-seller, released a negative report about Nuvei. The tech stock had plummeted 39% as of 3:20 p.m. ET.

Spruce Point wrote a long list of alleged problems with Nuvei, including:

Image source: Getty Images.

Source Fool.com

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