Why Square Stock Wilted on Wednesday
On a Wednesday, Square (NYSE: SQ) was a laggard of a stock. It closed down 1% despite news of a complementary new acquisition.
Square, an ever-ambitious financial services company that likes to grow with small but useful asset buys, announced it has acquired privately held Crew. This is described by its new owner as "a frontline employee platform for consolidating and streamlining the day-to-day operations of hourly workforces."
Image source: Square.
Source Fool.com
