Square (SQ) Catches Eye: Stock Jumps 5.1%

By Zacks Investment ResearchStock MarketsMar 01, 2020 09:00PM ET

www.investing.com/analysis/square-sq-catches-eye-stock-jumps-51-200512445

Square (SQ) Catches Eye: Stock Jumps 5.1%

By Zacks Investment Research | Mar 01, 2020 09:00PM ET

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Square, Inc. (NYSE:SQ) was a big mover last session, as the company saw its shares rise more than 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $76.59 –$85.70 in the past one-month time frame, witnessed a sharp increase on Friday.

The move came after the company reported better-than-expected fourth-quarter 2019 results.

The company has seen a mixed track record when it comes to estimate revision of no increase and one decrease over the past few weeks, while the Zacks Consensus Estimate for the current has remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Square currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.

Square, Inc. Price

Square, Inc. Price

Square, Inc. price | Square, Inc. Quote

Investors interested in the Internet - Software industry may consider OneSpan Inc. (NASDAQ:OSPN) , which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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Square (SQ) Catches Eye: Stock Jumps 5.1%

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