Why Block Stock Sank 11% in April
The share price of Block (NYSE: SQ) dropped 11.4% in the month of April, according to S&P Global Market Intelligence. As of May 3, Block is trading at about $59 per share, down roughly 8% year to date.
The major market indexes were all up slightly in April as the S 500 climbed 1.5%, the Dow Jones Industrial Average rose 2.5%, and the Nasdaq Composite ticked up 0.1% last month.
Block is a fintech that runs Cash App as well as Square, which has a suite of products for merchants and sellers. In late March, Square was the subject of a report by short-seller Hindenburg Research, which accused it of inflated metrics, among other charges.
Source Fool.com
Square Inc. Stock
Square Inc. is currently one of the favorites of our community with 6 Buy predictions and no Sell predictions.
With a target price of 85 € there is a positive potential of 46.17% for Square Inc. compared to the current price of 58.15 €.