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Square Inc. (SQ) Is Heading Lower After CFO Departs

Square Inc. (SQ) announced after the bell Wednesday that Sarah Friar will step down as Chief Financial Officer of the company. She has accepted an offer to become Chief Executive Officer of Nextdoor. Square is now down 4.05 on 536K shares.

Square declined until mid-morning Wednesday, before settling into a range. The stock closed down by 8.72 at $77.45 on above average volume. Square has been pulling back from the highs of the year since the beginning of the month and fell to a month and a half low.

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