Shopify (SHOP) stock is soaring 5.26% in Monday's trading session, as the e-commerce platform provider addresses a recent sales misrepresentation issue. The company's swift action in handling the matter appears to have boosted investor confidence.

According to a statement from Shopify, the company discovered last summer that a very small, single-digit number of salespeople had misrepresented the scope of products they had sold. The company emphasized that it immediately investigated the issue and fired the salespeople involved. Importantly, Shopify assured that this incident had no impact on its financials and that the issue is now closed.

The market's positive reaction suggests that investors appreciate Shopify's transparency and quick response to the situation. By proactively disclosing the issue and its resolution, the company seems to have mitigated potential concerns about its sales practices and financial reporting. This demonstration of strong corporate governance may have contributed to the stock's significant uptick today.