U.S. Markets closed
  • S&P 500

    4,326.51
    -23.42 (-0.54%)
     
  • Dow 30

    34,160.78
    -7.31 (-0.02%)
     
  • Nasdaq

    13,352.78
    -189.34 (-1.40%)
     
  • Russell 2000

    1,931.29
    -45.18 (-2.29%)
     
  • Crude Oil

    87.16
    +0.55 (+0.64%)
     
  • Gold

    1,795.00
    +1.90 (+0.11%)
     
  • Silver

    22.71
    +0.03 (+0.15%)
     
  • EUR/USD

    1.1148
    +0.0001 (+0.0111%)
     
  • 10-Yr Bond

    1.8070
    -0.0410 (-2.22%)
     
  • Vix

    30.49
    -1.47 (-4.60%)
     
  • GBP/USD

    1.3388
    +0.0007 (+0.0509%)
     
  • USD/JPY

    115.4170
    +0.1150 (+0.0997%)
     
  • BTC-USD

    37,151.96
    +106.95 (+0.29%)
     
  • CMC Crypto 200

    840.18
    +20.68 (+2.52%)
     
  • FTSE 100

    7,554.31
    +84.53 (+1.13%)
     
  • Nikkei 225

    26,383.45
    +213.15 (+0.81%)
     

Why Nuvei Stock Fell Off a Cliff Today

·1 min read
Why Nuvei Stock Fell Off a Cliff Today
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • NVEI

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. Spruce Point also said that Nuvei has failed to provide quarterly updates about merchant additions, whether its merchant enterprises are large or small, where sales are occurring geographically, and other details about its sales. Spruce Point said that it estimates up to 40% to 60% long-term downside risk for Nuvei's stock based on its assessment.