Why Block Stock Was Winning This Week
One company that likely won't be happy to exit this week is Block (NYSE: SQ). Its stock was on the rise across the past few trading days thanks to a set of fresh -- and bullish -- evaluations of the fintech by analysts tracking its fortunes.
As a consequence its share price had risen nearly 12% week to date as of Thursday night, according to data compiled by S&P Global Market Intelligence.
Somewhat counterintuitively, that cluster of positive new evaluations for Block came on the heels of its disappointing third-quarter results, published the previous week. Revenue grew by 6% year over year, and non-GAAP (adjusted) net income soared 76% higher.
Source Fool.com
