Why Shopify, Inc. Stock Fell Tuesday
Shares of e-commerce platform company Shopify (NYSE: SHOP) fell as much as 13.6% Tuesday, following the company's third-quarter earnings release. The stock is down about 8.4% at the time of this writing.
While the stock's decline comes after Shopify released its third-quarter results, Shopify's quarterly performance is not likely the main reason for that drop. Instead, bearish sentiment toward the stock is likely driven by Citron Research's comments published on Tuesday.
Source: Fool.com
Shopify Inc Stock
€63.56
-0.630%
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With a target price of 75 € there is a slightly positive potential of 18.0% for Shopify Inc compared to the current price of 63.56 €.