Why Square Stock Just Gained 5%
Shares of point-of-sale credit card payments facilitator Square (NYSE: SQ) were soaring 5.4% at noon EST on Tuesday. The move higher may be in response to a raised price target on the stock at KeyBanc yesterday (the analyst says Square, currently less than $189 a share, is worth closer to $250). But the stock already inched up 1.1% yesterday on that news.
Today, I suspect there's a different catalyst at work.
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Source Fool.com
