The digital payment company's stock has been on a decline as part of a rotation out of growth stocks amid concerns of Fed rate hikes. The company formerly known as Square is down about 31% since announcing its corporate entity name change to Block, on Dec. 1 of last year.
Why is block stock sliding today?
Feb 03, 2022 · Block's stock has been on a downslope since well before PayPal's earnings report, as the market has been rotating away from previously high-flying tech shares and into consumer durables names....
Why did block stock fall 12% on Wednesday?
Feb 22, 2022 · Rising interest rates typically hurt high-growth stocks like Block because it makes borrowing costs more expensive, which can in turn cause companies to invest less in new areas of growth. Making...
Why did block (sq) stock hit 52-week lows?
Dec 14, 2021 · Shares of fintech giant Block ( SQ -2.15% ) -- the artist formerly known as Square -- dipped this morning and were trading down 2.5% as of 9:50 a.m. ET. Tuesday morning, the investment bank Mizuho ...
How will rising interest rates affect block stocks?
Mar 01, 2022 · Why Block Stock Got Clocked Today. ... While that's down considerably from her former level of $322, she's maintaining her buy recommendation on the …
Why Block stock is falling?
In addition to macroeconomic events, the company will report its fourth-quarter 2021 financial results on Feb. 24. The company reported mixed results for its third quarter on Nov. 4, 2021, which, in addition to inflation concerns, contributed to Block's stock tumbling 64% over the past six months.Feb 22, 2022
Why are stocks always going down?
Stock prices go up and down based on supply and demand. When people want to buy a stock versus sell it, the price goes up. If people want to sell a stock versus buying it, the price goes down. Forecasting whether there will be more buyers or sellers of a certain stock requires additional research, however.Jan 28, 2022
Why is pin stock down?
PINS stock saw the high of $88 in 2021 when the pandemic was at its peak and the majority of us were locked inside our homes. However, as the impact of the pandemic subsided, PINS stock started to fall. The numbers reflected declining user interest and investors started losing faith in the company.Apr 13, 2022
What is blocking a stock?
A block refers to a large volume trade that occurs at once. Exchanges typically define a block as more than 10,000 shares of stock or a trade that has a notional value in excess of $200,000. Block trades are sometimes done outside of the open markets to lessen the impact on the security's price.
Do you owe money if stock goes down?
The price of a stock can fall to zero, but you would never lose more than you invested. Although losing your entire investment is painful, your obligation ends there. You will not owe money if a stock declines in value.Mar 8, 2022
Should I buy stocks when they are low or high?
Stock market mentors often advise new traders to “buy low, sell high.” However, as most observers know, high prices tend to lead to more buying. Conversely, low stock prices tend to scare off rather than attract buyers.Feb 9, 2019
Why is Pinterest stock crashing?
Pinterest shares tumbled after a downgrade by Guggenheim. The firm cited data that users were leaving the platform. Analysts downgraded the stock to Neutral from Buy and lowered the price target to $39 from $46.Jan 4, 2022
Is Pinterest stock crashing?
Pinterest Stock Price Like much of tech, PINS closed out 2021 with a return to gravity. The stock now trades at less than half of all time highs. While the decline is understandable, the stock now presents a potential buying opportunity.Jan 4, 2022
Why is Pinterest doing so poorly?
The biggest weakness for Pinterest is its international revenue. In the U.S., monthly average users are worth $5.08 each for Pinterest. But outside the U.S., international users are spending just 36 cents each on the site.Jan 31, 2022
Are block trades good?
Are Block Trades Good or Bad? Neither. While they can move markets, block trades are not market manipulation. They're simply a method used by large investors to adjust their asset allocation with the least market disruption and stock volatility possible.Aug 17, 2021
Is block a good buy?
Block stock has struggled so far this year, but analysts at Truist still think it is worth buying. Shares of the company are down nearly 16% year to date and 36% the past 12 months amid concerns about interest-rate increases, plus potential increased regulatory oversight of cryptocurrencies.Mar 25, 2022
Why do blocks trade?
Block trading is a useful measure for analysts in order to assess where institutional investors are pricing a stock, because in a merger or acquisition, a bid needs to "clear the market" (i.e. enough shareholders need to tender), it is most useful to see at what prices large blocks of stock are trading.
NYSE: SQ
You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More
What happened
Shares of Block ( SQ -3.90% ), a financial technology company, were sliding today, likely on news of rising tensions between Ukraine and Russia.
So what
Investors have grown increasingly concerned about a potential conflict in Europe after Russian President Vladimir Putin formally acknowledged rebel-held regions in Ukraine. Putin has ordered Russian troops in the regions, which has spurred the U.S. and E.U. into saying that they will issue sanctions against the two breakaway regions.
Now what
Investors may want to brace for more volatility from Block's share price. In addition to macroeconomic events, the company will report its fourth-quarter 2021 financial results on Feb. 24.
Premium Investing Services
Invest better with the Motley Fool. Get stock recommendations, portfolio guidance, and more from the Motley Fool's premium services.
What happened
Shares of fintech giant Block ( SQ 26.14% ) -- the artist formerly known as Square -- dipped this morning and were trading down 2.5% as of 9:50 a.m. ET.
So what
Taking aim at the BNPL sector of the fintech market, Mizuho cut its price targets on PayPal, Affirm , and Block. As the analyst explained in a note covered by StreetInsider.com today, "Our research uncovers several potential risks [to BNPL stocks] that we believe are not fully understood."
Now what
All that being said, there's no need for Block investors to panic just yet. While the analyst cut price targets across the board (on Block most of all), it's worth pointing out that at a $285 target, Mizuho still thinks Block stock retains significant upside.
Premium Investing Services
Invest better with the Motley Fool. Get stock recommendations, portfolio guidance, and more from the Motley Fool's premium services.
What happened
Shares of payments-company Block ( SQ 26.14% ) fell as much as 12.6% in trading on Wednesday after competitor PayPal ( PYPL 5.64% ) reported less-than-stellar guidance for 2022. Shares are down 10.4% at 3:30 p.m. ET and have struggled to build any momentum today.
So what
Paypal's quarterly revenue of $6.92 billion was slightly ahead of estimates, and earnings per share of $1.11 only missed by $0.01, but guidance was well below what investors were expecting. Management expects revenue to grow 15% to 17% on a currency-neutral basis, which was slightly below the 17.9% that analysts were expecting.
Now what
The sell-off across tech stocks has hit companies like Block and PayPal hard, and this is making things worse. But even after the disappointing results, PayPal is expecting to grow double digits in 2022.
Premium Investing Services
Invest better with the Motley Fool. Get stock recommendations, portfolio guidance, and more from the Motley Fool's premium services.
Two fresh analyst target price cuts sent the shares down on the day
Eric has been writing about stocks and finance since the mid-1990s, when he lived in Prague, Czech Republic. Over the course of a varied career, he has also been a radio newscaster, an investment banker, and a bass player in a selection of rock and roll bands. A native New Yorker, he currently lives in Los Angeles.
What happened
One of the more liked and lucrative fintech stocks in our time, Block ( NYSE:SQ), wasn't in favor on Friday. The company's shares ended up trading down by more than 2%, a steeper fall than that of the S&P 500 index, "thanks" to a pair of analyst price target cuts.
So what
Of the two chops, that from Royal Bank of Canada 's RBC Capital was the deeper. Analyst Daniel Perlin lowered his price target to $203 per share from the previous $295. But he still believes in the stock, as he's maintaining an outperform (read: buy) recommendation on it.
Now what
While analysts and investors are right to be concerned about certain aspects of Block's business -- particularly since its core client base of relatively small businesses is struggling with the spread of the coronavirus' omicron variant -- the company is still showing impressive growth.
