Square Inc. Stock Hits New High -- 4 Reasons It's Trading Higher

Shares of mobile payments and financial technology company Square (NYSE: SQ) surged to new highs in the trading days following its third-quarter earnings report last week. Better-than-expected adjusted top- and bottom-line figures, as well as a move to raise full-year guidance, have investors looking up.

Highlighting the stock's recent bullish run, Square finished the week with a market capitalization slightly higher than that of Twitter (NYSE: TWTR) -- another company Square CEO Jack Dorsey leads. At the time of this writing, the market capitalizations for Twitter and Square are $15.01 billion and $15.2 billion, respectively, according to Reuters data. Square stock is up an impressive 237% in the past 12 months and 59% in the last three months alone.

Square Register. Image source: Square.

Source: Fool.com