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Stock impact report

Square stock posts worst single-day performance in more than a year [MarketWatch]

Block, Inc. Class A, (SQ) 
Last block, inc. class a, earnings: 2/26 04:05 pm Check Earnings Report
US:NYSE Investor Relations: squareup.com/about/investors
Company Research Source: MarketWatch
Square stock posts worst single-day performance in more than a year Shares of Square Inc. SQ, -11.73% dropped 11.7% in Tuesday trading, marking the payments stock's largest single-day percentage decline since November 2017, when it fell 16.1%. The drop shaved about $3.5 billion from Square's market value, which now stands at roughly $26.7 billion, according to FactSet. Late on Monday, Stifel analyst Scott Devitt cut his price target to $95 from $100, though he maintained his buy rating on the stock. The stock closed at $63.51. Other payments stocks lagged the S&P 500 SPX, -3.24% in Tuesday trading, including Mastercard Inc. MA, -4.46% whose shares fell 4.5% after the company issued a filing regarding its resolution to a European interchange issue and also announced a dividend increase. Visa Inc. V, -4.39% shares ended down 4.4%, while PayPal Holdings Inc. PYPL, -4.31% shares fell 4.3% and the S&P 500 SPX, -3.24% dropped 3.2%. Have breaking news sent to your inbox. S Show less Read more
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