Is Square Stock a Buy?
It's been a rough year so far for Square (NYSE: SQ) stock. After rising higher earlier this year, the stock's performance has turned negative, partly because of disappointing guidance in its most recent quarter that sent the price over a cliff. Down 25% in the past three months, the stock could be an intriguing buy.
Let's take a closer look at whether the stock is a deal today or if it's in danger of falling farther.
In November, Square is going to release its latest quarterly results. The last time it did that, things didn't go so well; a combination of lowered guidance and news that the company would be selling Caviar, its food delivery service, resulted in the stock going into a tailspin. While expectations might be lower this time around, the company is still going to be under pressure to meet its revised numbers.
Source Fool.com
