Why Block Shares Dropped 14% in April

Block suffered through an analyst downgrade and a Bitcoin sell-off, but quarterly results clawed back some of those losses.Shares of Block (SQ -0.64%) fell 13.7% last month, according to data from S&P Global Market Intelligence. A combination of a downgraded analyst rating and challenging market conditions pushed the fintech stock lower, but it reversed some of those losses in early May.A Wall Street analyst set things in motionBlock's rating was downgraded by a prominent bank on Wall Street in early April. ...