3 Reasons to Buy Block, and 1 Reason to Sell
Block (NYSE: SQ), the fintech company formerly known as Square, lost nearly half its market value over the past three months as rising interest rates sparked an exodus from higher-growth tech stocks. Declining Bitcoin (CRYPTO: BTC) prices exacerbated the sell-off, since Block generates revenue from Bitcoin trades and holds some Bitcoin on its balance sheet.
Block's big pullback in this environment isn't surprising, but the stock has still nearly doubled over the past two years. Could it still have more room to run after overcoming these near-term macro headwinds?
Let's discuss three reasons Block is worth buying -- and one reason to sell it -- to decide.
Source Fool.com
