Why Block Stock Jumped 58% in November
Shares of Block (NYSE: SQ), the parent of Square and Cash App, had a banner month in November after the company posted strong results in its third-quarter earnings report, benefited from favorable macroeconomic data, and reported solid Black Friday weekend results.
According to data from S&P Global Market Intelligence, Block stock finished the month up 57.6%. As you can see from the chart below, the stock jumped at the beginning of the month on the earnings report and continued to gain from there.
Source Fool.com
Square Inc. Stock
€57.52
2.890%
Square Inc. is currently one of the favorites of our community with 6 Buy predictions and no Sell predictions.
With a target price of 85 € there is a positive potential of 47.77% for Square Inc. compared to the current price of 57.52 €.
