Square, Inc. SQ was a big mover last session, as its shares rose over 6% on the day. The move came after an analyst at Loop Capital Markets suggested that PayPal Holdings Inc. should buy the company. This led to far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range $22.83 to $24.30 in the past one-month time frame.
None of the estimates for this stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Square currently sports a Zacks Rank #1 (Strong Buy) while its Earnings ESP is 0.00%.
Another top-ranked stock in the Internet - Software space is MiX Telematics Limited MIXT, flaunting a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
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Square, Inc. (SQ): Free Stock Analysis Report
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