Why Shopify Inc. (SHOP) stock fell 8.7% on Tuesday, November 3, 2026

Shopify Inc. (SHOP) closed at $142.57, down 8.74% on Tuesday, November 3, 2026, on volume of 24,698,113 shares (2.6× its 3-month average); market value about $183.40B.

What happened: primary sources

Events Nexqual found for SHOP on Tuesday, November 3, 2026 or the trading day before (November 2, 2026):

• Nov 3, 2026: Reported quarterly results (SEC 8-K) for the quarter ended Sep 30, 2026: EPS $0.49 vs consensus $0.46 (beat), on the analysts' basis (usually adjusted, not GAAP). source
• Nov 3, 2026: SEC 10-Q: Quarterly report, period ended Sep 30, 2026 source
• Nov 2, 2026: Keybanc: Target raised, Overweight, price target $180 → $185
• Nov 3, 2026: One of 3 Canada-based companies among the day's biggest losers (BMM, TRI, SHOP)

These are listed as context. A filing or rating change on the same day is not proof that it caused the move; read the source.

More on SHOP

SHOP stock page: price, SEC financials, insider trades, superinvestor holders, analyst estimates and options. Other big moves that day: November 3, 2026.

Sources: SEC EDGAR, Nexqual Earnings Flash, analyst rating changes, Nexqual market data. Built November 4, 2026 at 09:49 UTC. Not investment advice.

Data source: Nexqual. Last updated: November 4, 2026 at 09:49 UTC. This page is informational and not investment advice.

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