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Actionable news in SQ: Square Inc,

Square Pegged After Mixed Q1 Report

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Square Inc SQ 19.54% shares are trading lower by $2.56 (20 percent) at $10.50 in Friday's session. After a mixed Q1 report, missing on EPS by a nickel but beating on revenues by nearly $40 million, the issue is under selling pressure.

After a lower open, it managed a brief pop to $11.19 before sellers swarmed the issue. The ensuing decline has taken the issue to $19.34 and it is not far off that level. The current low coincides with a series of lows at the $10.20 area from late February.

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