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Shopify Inc. (SHOP) Pulled Back Due To Criticism From Citron

Citron Research criticized Shopify Inc. (SHOP) Wednesday, calling the Canadian e-commerce company a "completely illegal get-rich-quick scheme."

Shopify dropped during the first half hour of trade Wednesday and slid further in the early afternoon. The stock closed down by 13.51 at $103.30 on the highest volume of the year. Shopify dropped to over a 1-month low and fell below its 50-day moving average.

by RTT Staff Writer

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