Will Block Stock Be Devastated During a Recession?

By Parkev Tatevosian, CFA – May 31, 2023 at 6:45AM

NYSE: SQ

Block

Market Cap

$43B

Today's Change

(-2.28%) -$1.64

Current Price

$70.42

Price as of April 19, 2024, 4:00 p.m. ET

The risks of a recession are rising in the U.S. as a result of aggressive interest rate increases by the Federal Reserve.

Fool.com contributor and finance professor Parkev Tatevosian evaluates Block's (SQ -2.28%) prospects in the event of a recession.

*Stock prices used were the afternoon prices of May 27, 2023. The video was published on May 29, 2023.

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Block. The Motley Fool has a disclosure policy.

Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through fool.com/parkev, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.