Why Block Spiked and Then Pulled Back Today
Shares of Block (NYSE: SQ) -- formerly known as Square -- spiked by as much as 12% during early trading Tuesday. But by mid-afternoon, the fintech company's stock had given back most of those gains.
As of 3:06 p.m. ET, it was up by 3.3%.
It's likely that some investors rushed to pick up shares of Block early in the session after the company's share price plunged by 16% Monday.
Source Fool.com
