Published on 24 Nov 2022 on Zacks via Yahoo Finance
Block (SQ) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.
Shares of this mobile payments services provider have returned +7.5% over the past month versus the Zacks S&P 500 composite's +7.5% change. The Zacks Technology Services industry, to which Block belongs, has gained 4.7% over this period. Now the key question is: Where could the stock be headed in the near term?
Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.