Actionable news
0
All posts from Actionable news
Actionable news in SQ: Square Inc,

Square Pegged After Mixed Q1 Report

Trade with confidence. Are you a professional trader? Be the first to get the alert with Benzinga Pro's real-time newsfeed and audio squawk and never miss an opportunity again.
Don't miss the chance to try it FREE today.

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.

© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.