Why Block Stock Sank 11% in April
The share price of Block (NYSE: SQ) dropped 11.4% in the month of April, according to S&P Global Market Intelligence. In late March, Square was the subject of a report by short-seller Hindenburg Research, which accused it of inflated metrics, among other charges. The stock price plummeted in the days that followed, and that carried over into April, even though Block officials, along with some analysts, called the accusation misleading and inaccurate.