Why Square Stock Was Moving Higher Today
Shares of Square (NYSE: SQ), the diversified fintech company, were climbing Wednesday -- apparently assisted by the market debut of Toast (NYSE: TOST), a restaurant payments specialist that was surging on its IPO day, signaling a healthy appetite for digital payment stocks. Square also launched a new feature for its Cash App Wednesday.
As of 3:17 p.m. EDT, Square stock was up by 3.7%, while Toast had soared by 54% from its $40 IPO price.
Image source: Square.
Source Fool.com
