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Why Square Stock Was Up 23% in August

TheMotleyFool

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Shares of fintech company Square (NYSE: SQ) were up 22.9% in August, according to data provided by S&P Global Market Intelligence. Investors loved the company's results for the second quarter of 2020. That report kicked the month off, and shares just kept climbing.

Square stock has sold off some to start September, and investors do have lingering concerns. Specifically, there's concern about the health of the small and medium-sized business Square serves. And there are also questions about the company's Bitcoin-driven top-line growth.