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Block, formerly known as Square, was down nearly 20% today. Is the stock a buy now?
Block (SQ 5.18%), which most people know by its former name Square, saw its stock down around 20% this morning. Hindenburg Research released a short report alleging numerous claims against the company. Let's dig in and see if Block stock is a buy now.
*Stock prices used were the morning prices of March 23, 2023. The video was published on March 23, 2023.
Eric Cuka has positions in Block. The Motley Fool has positions in and recommends Block. The Motley Fool has a disclosure policy. Eric Cuka is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link, they will earn some extra money that supports their channel.
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