Square's stock tumbles toward biggest drop this year after 'rockstar' CFO departure [MarketWatch]
Block, Inc. Class A, (SQ)
Last block, inc. class a, earnings: 2/26 04:05 pm
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Source: MarketWatch
Square's stock tumbles toward biggest drop this year after 'rockstar' CFO departure Shares of Square Inc. SQ, -12.45% plunged 15% in morning trade Thursday, putting them on track for the biggest selloff this year, in the wake of the fintech company's announcement that Chief Financial Officer Sarah Friar was leaving . Raymond James analyst John Davis said the "rockstar CFO" leaving is a "blow to the company," as Friar ran a significant portion of Square's day-to-day operations given Chief Executive Jack Dorsey's dual duty as Twitter Inc. TWTR, +0.17% CEO. "As for the stock, we expect continued pressure in the near term...given uncertainty created by Ms. Friar's departure and lack of valuation support anywhere in sight," Davis wrote in a note to clients. SunTrust Robinson Humphrey analyst Andrew Jeffrey said Friar's leadership may have been more instrumental to Square's emergence as an impressive growth story. "As a result, we would probably have to see a material discount to beco
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SQ
Earnings
- 2/22/24 - Beat
SQ
Sec Filings
- 4/15/24 - Form 8-K
- 4/4/24 - Form 4
- 4/4/24 - Form 4
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