Block Isn't Dead Money As A Growth Inflection Could Be Close
SQBLOCK(SQ) Seeking Alpha·2024-06-22 23:30

peshkov Block Stock Plunged Into A Bear Market Block, Inc. (NYSE:SQ) investors aren't new to intense market volatility. As a reminder, SQ is still down almost 80% from its 2021 highs. Therefore, I'm not surprised by the bear market decline since SQ topped in March 2024, declining nearly 30% since then. SQ has also underperformed since my previous article in April. I reiterated my bullish SQ rating and expected buying momentum to remain robust. While I recognized Block's more intense competitive challenges, ...