Is It Time to Sell Block Stock and Look Elsewhere?

By Neil Rozenbaum – Sep 11, 2023 at 10:43AM

NYSE: SQ

Block

Market Cap

$46B

Today's Change

(2.32%) $1.69

Current Price

$74.48

Price as of April 26, 2024, 4:00 p.m. ET

If you had bought the stock five years ago, you would be down 40% right now. Is Block stock a buy now?

In this video, I will talk about Block (SQ 2.32%), formerly known as Square, and the recent outage that could hurt the company in the short term. I am currently debating whether I should sell, hold, or buy more shares. Adyen or PayPal are other companies in the fintech space I am currently looking at.

*Stock prices used were from the trading day of Sept. 8, 2023. The video was published on Sept. 10, 2023.

Neil Rozenbaum has positions in Block. The Motley Fool has positions in and recommends Adyen, Block, and PayPal. The Motley Fool recommends the following options: short December 2023 $67.50 puts on PayPal. The Motley Fool has a disclosure policy. Neil is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.