Why Block Stock Charged Higher on Thursday

Shares of Block (NYSE: SQ) charged sharply higher Thursday, surging by as much as 9.6%. As of 2:10 p.m. ET, the stock was still up by 8.5%.

The catalysts that sent the fintech specialist higher were a number of optimistic takes by Wall Street analysts.

Block held its investor day presentation on Wednesday, and several analysts came away from it with positive long-term outlooks about the company's prospects, according to The Fly.

Source Fool.com