Why Square Stock Was Up 24% in July

Shares of Square (NYSE: SQ) were up 23.7% in July, according to data provided by S&P Global Market Intelligence. Not only that, the stock hit an all-time high of $136.14 per share during the month.

For Square, there was nothing too noteworthy during July to explain the upward move. Rather, it appears the stock still has momentum from a first-quarter earnings report that exceeded investor expectations -- shares have doubled since then. Investors are hoping for more of the same when the company reports second-quarter earnings on Aug. 5. 

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Source Fool.com