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.

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Source: Fool.com