Why Square Stock Is Rising Today
In response to updated financial guidance, shares of Square (NYSE: SQ), a high-growth financial services business, rose as much as 20% in early morning trading on Wednesday. As of 11:15 a.m. EDT, shares were up about 16%.
Square's stock has been under a huge amount of selling pressure over the last month over fears that the COVID-19 pandemic was going to seriously impede its growth.
Square provided investors with update numbers yesterday that helped put the decline in context.
Source Fool.com
