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Is Block a Buy After Plunging 20% in a Short-Seller Attack?

TheMotleyFool

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Is Block a Buy After Plunging 20% in a Short-Seller Attack?: https://g.foolcdn.com/editorial/images/725797/stocks-falling-2022.jpg

Notable short-selling firm Hindenburg Research recently released a lengthy report about fintech disruptor Block (NYSE: SQ), accusing the company of fraudulent practices and more. The stock plunged by as much as 20% the day after the report, so is this a buying opportunity or a reason to stay away?

*Stock prices used were the afternoon prices of March 23, 2023. The video was published on March 24, 2023.

Source Fool.com

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