Why Square Stock Was Up 36% in November
Shares of financial-technology company Square (NYSE: SQ) were up 36.2% in November, according to data provided by S&P Global Market Intelligence. The company started the month by releasing results for the third quarter of 2020 that crushed expectations. But throughout the month, it made moves highlighting what kind of business Square is building long term.
Square has two main sides of the business. One side powers small businesses (Seller), and the other provides fintech solutions for individuals (Cash App). In Q3, Square's overall net revenue exploded 140% higher year over year to $3 billion. Considering the ongoing challenges for small businesses in the U.S., this growth surprised a lot of investors.
Image source: Getty Images.
Source Fool.com
