Here’s Why Square Is Down 14% Today
Payment processing company Square (NYSE: SQ) received an analyst downgrade, which sent the stock plunging. As of 2:30 p.m. on Monday, the day of the downgrade, Square had fallen by roughly 14%. Even after today's drop, Square is still up by more than 200% so far in 2017.
Image Source: Square.
In a nutshell, this was Square's first real negative news in some time. The company has handily beaten analysts' expectations for several quarters, is growing at impressive rates, and is doing a fantastic job of building a financial ecosystem for small businesses.
Source: Fool.com
Square Inc. Stock
€58.88
0.220%
Square Inc. is currently one of the favorites of our community with 6 Buy predictions and no Sell predictions.
With a target price of 87 € there is a positive potential of 47.76% for Square Inc. compared to the current price of 58.88 €.
