Here's Why Square Is Dropping on Tuesday

The stock market was having a so-so day on Tuesday, with most major indexes flat or slightly in the red at midday. However, fintech giant Square (NYSE: SQ) was a big underperformer. As of 1 p.m. EST, Square had dropped by nearly 6% for the day, adding to a string of recent pullbacks in the stock.

There doesn't seem to be any company-specific news driving Square's stock price lower. Rather, this seems to be a continuation of a steady sell-off following a massive rally. Since peaking at more than $243 per share about a week ago, Square has lost about 14% of its value.

Source Fool.com