Why Square Stock fell on Wednesday?

Motley Fool2021-04-15

Shares of the fintech were down sharply despite lots of cryptocurrency enthusiasm. What happened The stock market was having a mildly negative session on Wednesday, with the S&P 500 down by about 0.4%...

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Comments

kino318
2021-04-15
kino318
What is the best entry price
kino318
2021-04-15
kino318
What is the best entry price?
Windtalker78
2021-04-15
Windtalker78
Love this.?
13Wonders
2021-04-15
13Wonders
Drop due to $Coinbase Global, Inc.(COIN)$selling off, affecting whole crypto market. $Riot Blockchain, Inc.(RIOT)$and $Marathon Digital Holdings Inc(MARA)$back up soon
- FlyMeToMoon:
  Time to pick up or Sell off? ?
- Kennyoscar:
  Ho
- JackOATrades:
  agree
CocoPosh
2021-04-15
CocoPosh
Good insight
- Windtalker78:
  ?
Timtan85
2021-04-15
Timtan85
Like n comment
- 4ebeaef4:
  Pls reply me
- wc77:
  done
- HUATkueh:
  Ok
- Windtalker78:
  ?

Leave a comment

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However, fintech giant Square (NYSE:SQ) was a notable underperformer -- shares had fallen by more than 5%.\nSo what\nThis move might seem odd given all of the hype surrounding Bitcoin and other cryptocurrencies.Coinbase completed its long-anticipated direct listing today, and shares were trading for about 30% more than their initial reference price.\nIMAGE SOURCE: SQUARE.\nHowever, it seems like the hype faded throughout the session. At their peak, Coinbase shares had popped by more than 70%, so it's fair to say that investor demand for cryptocurrency-related stocks might be cooling off. And Square has amassive Bitcoin operation -- some estimates say that as much as one-fourth of all U.S. Bitcoin volume can be attributed to the Cash App.\nBeyond that, it's also worth noting that many tech stocks are weak today. 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this.?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/347300892","repostId":1150902707,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":347978042,"gmtCreate":1618460654986,"gmtModify":1704711181754,"author":{"id":"3577159132944528","authorId":"3577159132944528","name":"13Wonders","avatar":"https://static.tigerbbs.com/4a3d01f818e43949adaf610d8e431348","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3577159132944528","idStr":"3577159132944528"},"htmlText":"Drop due to <a href=\"https://laohu8.com/S/COIN\">$Coinbase Global, Inc.(COIN)$</a>selling off, affecting whole crypto market. <a href=\"https://laohu8.com/S/RIOT\">$Riot Blockchain, Inc.(RIOT)$</a>and <a href=\"https://laohu8.com/S/MARA\">$Marathon Digital Holdings Inc(MARA)$</a>back up soon&nbsp;","listText":"Drop due to <a 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insight&nbsp;","listText":"&nbsp;Good insight&nbsp;","text":"Good 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