Tag: Block
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It’s Best to Avoid the Block Stock for Now
Shares of Block (SQ) just dropped about 8.5%. All on the news federal prosecutors are examining financial transactions. “Internal documents indicate Block allegedly processed crypto transactions for terrorist groups and Square processed transactions involving nations subject to economic sanctions, according to an NBC News report,” as noted by Seeking Alpha. Making things a bit worse, a former…
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Here’s Why Block is Still Exploding Higher
Block (SQ) is on the run, as hoped. As we noted on March 27: Just days ago, the SQ stock took a $10 header on a Hindenburg short report allegation that Square has “systematically taken advantage of the demographics it claims to be helping.” However, it looks like most of the negativity has been priced…
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The Pullback in Block is Greatly Overdone
Block (SQ) is starting to show big signs of life again. Just days ago, the SQ stock took a $10 header on a Hindenburg short report allegation that Square has “systematically taken advantage of the demographics it claims to be helping.” As noted by Yahoo Finance; The short seller accuses Block of a “willingness to…