Why SHOP fell 16.8% on Nov 3 2026: earnings results
SHOP-16.8%on Tue Nov 3 2026
Shopify Inc. Class A subordinate voting shares was down 16.8% on the day at $130.00, ranked #11 on 44.7× its usual five-minute volume, when TapeRank recorded this unexplained move at 07:01 ET during the pre-market session.
THE DAY ON THE LIST · 1 EVENT
- 07:01 ETUNEXPLAINED MOVE · PRE-MARKET
$130.00 · ▼ 16.8% ON THE DAY · 44.7× 5M RVOL · RANK #11
STRETCHEDCONFIDENCE4/5Shopify is down 18.5% pre-market despite an adjusted EPS beat, while revenue narrowly missed estimates. The modest 0.13% sales miss and positive earnings result do not proportionately explain such a severe decline, indicating a much larger repricing than the headline numbers support.
WHYDown 18.5% on a 6.5% EPS beat and 0.13% revenue miss is a far larger move than the reported earnings surprise.ANALYZED 07:01 ET · <1 MIN AGO · OPENAI/GPT-5.6-LUNATHE ROW AND SESSION LEVELS AT 07:01 ET
LAST130.00DAY▼ 16.8%5 MIN▼ 15.82%5M RVOL44.7×5M $VOL$8.3MFLOAT*1.2BRANK#11SESSIONPRE-MARKETVWAP145.77HOD158.55LOD130.00OR HIGH—OR LOW—PREV CLOSE156.22PM HIGH158.55PM LOW130.00GAP▼ 16.78% (indicated)* FLOAT IS SHARES OUTSTANDING; TRUE FREE FLOAT IS NOT AVAILABLE
— MEANS THE LEVEL DID NOT EXIST YET AT THAT INSTANT, NOT ZERO
THE SESSION
- 09:30 ETOpened at $136.43, -12.7% on the previous close of $156.22
- 09:30 ETRegular-session low, $135.65
- 13:12 ETRegular-session high, $149.34
- 15:59 ETLast trade of the regular session, $142.71, -8.7% on the previous close of $156.22
- Volume: 21.6M shares in regular hours, 2.2M before the open
Shopify opened at $136.43 after TapeRank recorded an unexplained premarket move to $130.00 at 07:01 ET, with its read tying the decline to earnings results: adjusted EPS beat expectations, while revenue narrowly missed by 0.13%, a combination that did not proportionately explain the 18.5% premarket drop. The stock dipped to $135.65 at the open, then rebounded to a $149.34 high at 13:12 ET before ending the regular session at $142.71, still 8.7% below the previous close. There were no regular-session halts.
WRITTEN TUE NOV 3 2026 16:00 ET BY OPENAI/GPT-5.6-LUNA FROM THE FACTS ON THIS PAGE
FILINGS AND NEWS · 24H BEFORE THE MOVE
- MON 08:56 ETKeybanc Maintains Overweight on Shopify, Raises Price Target to $185Benzinga
On the tape right now
WHERE THE LIST STOODWED NOV 4 2026 · 13:49 ETRECORDED LIVE · 742 QUALIFY
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