Hindenburg takes aim at Dorsey's payments firm Block, shares plunge
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Mizuho Defending Block Inc. (SQ)
March 23, 2023 10:22 AM EDTMizuho Securities analyst Dan Dolev reiterated a Buy rating and $93.00 price target on Block Inc. (NYSE: SQ)
The analyst comments "Hindenburg Research argues that SQ has systematically taken advantage of the demographics it claims to be helping, overstating accounts and misleading transacting active... More
Block (SQ) shares plunge after Hindenburg claims it misleads investors with 'inflated metrics'
March 23, 2023 9:26 AM EDTBlock (NYSE: SQ) shares tumbled Thursday after Hindenburg Research released a short report claiming the company, co-founded by Twitter creator Jack Dorsey, misled investors with "inflated metrics."
The short-selling firm states that its two-year investigation has concluded that Block has "systematically taken advantage of... More
Baird Defends Block Inc. (SQ): 'We believe SQ helps many underbanked acceptably/helpfully access the financial markets'
March 23, 2023 9:22 AM EDTBaird analyst David Koning reiterated an Outperform rating and $92.00 price target on Block Inc. (NYSE: SQ).
The analyst comments "A short report is significantly weighing on the stock today in pre-market trading. The report implies that SQ's CashApp is reasonably easy (or relatively... More
PayPal (PYPL) Declines in Sympathy with Block (SQ) After Short Seller Causes Block Shares to Plunge
March 23, 2023 8:45 AM EDTPayPal (NASDAQ: PYPL) Declines in Sympathy with Block (NYSE: SQ) After Short Seller Causes Block Shares to Plunge
SQ -18.6%PYPL -2%... More