SQ Stock Price Decreases 15.2% YTD: Should Investors Hold or Fold?
BLOCK(SQ) ZACKS·2024-08-28 01:56
Block, Inc. (SQ) shares have lost 15.2% in the year-to-date (YTD) period against the industry’s 21.3% growth. It has also lagged the broader Zacks Business Services sector’s 10.2% return and the S&P 500’s 18.2% rally in the said time frame. The company has been grappling with weakening transaction activities on Cash App, and softness in consumer spending trends in food and drink, and retail discretionary verticals.Broader market volatility, high inflation, increased interest rates, unfavorable foreign excha ...