A team from Truist describes Block's Cash App as a "legitimate alternative" to traditional bank accounts.
Block's stock recovered late last week after it issued a detailed response to a short seller's negative report. On March 23, Hindenburg Research published a report accusing the payments company of inf
Buy-Now-Pay-Later (BNPL) stocks represent a growing form of commerce. Essentially, BNPL companies allow consumers to pay in chunks, rather than lump sums, for large purchases.
Activist investor Hindenburg Research responded to Block's statement on Hindenburg's earlier report justifying its short position, which was published earlier this month.
Analysts have reiterated Buy ratings and upbeat price targets since Jack Dorsey's payments group issued a response to recent allegations.
The company put the short-seller report in place.
U.S. short seller Hindenburg Research said on Friday Block Inc's response to its allegations confirmed it had reported inflated user counts on its Cash App to investors for years.
The final trades of the week. With CNBC's Melissa Lee and the Fast Money traders, Karen Finerman, Dan Nathan, Tim Seymour and Guy Adami.
Yahoo Finance Live discusses Block's rise in shares and their response to short-seller Hindenburg Research's fraud claims.
One of the more impressive movers in today's market is Block (NYSE: SQ ). After surging more than 6% in early trading, shares of SQ stock have since settled down to a 3% gain.

Risk-Reward With Block

01:09pm, Thursday, 30'th Mar 2023
A report published last week by short seller Hindenburg Research exposes key problems with Block Inc. ( SQ , Financial). According to the short seller's two-year investigation, the company has committ
Square fired back at short-seller Hindenburg Research as SQ stock continued clawing back amid charges Cash App user metrics are inflated. The post Square Discloses Cash App User Data, Firing Back At S
Block Inc' Cash App had more than 51 million monthly transacting active customers, of which 44 million were verified through its identity verification program as of Dec. 31.
Block is a leading fintech company that provides the popular Cash App to over 50 million people. It is also known for its Square products for SMBs.
Yahoo Finance Live anchors Julie Hyman and Brad Smith discuss the rise in stock for Block.
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