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Tag: SQ Stock Price

  • Block Inc (SQ) Got Traction Even After Insider Selling

    Block Inc (SQ) Got Traction Even After Insider Selling

    Block, Inc. (NYSE: SQ) exhibited notable momentum in its recent trading session, registering a robust 5.02% ascent to conclude at $63.34. This surge in SQ stock persisted despite the occurrence of insider selling. As per an SEC filing on Tuesday, Amrita Ahuja, Block Inc.’s CFO & COO, divested 7,271 SQ shares. The insider transaction transpired at an average price of $61.95 per share, yielding gross proceeds of $451,591.

    Furthermore, ongoing developments appear to be stabilizing SQ stock, counteracting the impact of the insider selling. Block Inc. (SQ) disclosed that over the Black Friday and Cyber Monday weekend, millions of its Square and Afterpay sellers worldwide achieved a new milestone with 70 million transactions, marking a 14% increase from the previous year.

    Consumer behavior showcased diversification, with in-person shopping rising by 15%, and online cart sizes being 3.9 times higher than those in physical stores. This underscores the imperative for sellers to optimize their omnichannel strategy for the remainder of the holiday season. Similarly, a 9% uptick in businesses adopting omnichannel approaches was observed, attracting buyers both in-person and online.

    In addition, Afterpay, a subsidiary of Block Inc. and a prominent player in the “Buy Now, Pay Later” payment sector, recently formed a strategic alliance with Rokt. Rokt, a leading ecommerce technology company utilizing machine learning and AI, enhances transaction relevance for individual shoppers.

    This partnership empowers Afterpay to present highly pertinent offers to its ecommerce shoppers during checkout, fostering a more engaging and tailored shopping experience while simultaneously driving new revenue streams and augmenting customer lifetime value.

    Committed to delivering a meaningful and relevant shopping experience, Afterpay will leverage Rokt’s ecommerce technology for this purpose. The collaboration has allowed Block Inc.’s subsidiary to further enrich its in-app offerings, providing shoppers with a broader array of choices during the checkout process.

    By leveraging Rokt’s ecommerce solution, Afterpay, along with its extensive network of retail partners, is equipped to deliver targeted, relevant, and seamless advertising experiences to customers throughout the checkout flow.

  • Look Out for these Fintech Stocks in 2021

    Look Out for these Fintech Stocks in 2021

    Fintech stocks are a broad category of stocks consist of stocks which are part technology and part finance. Fintech stock companies are largely companies which are applying newer technology models to their financial business models and offer a large potential for investment. Some of the services offered by companies under the fintech model are services such as online banking or mobile banking, financial software and services, payment processing, and person to person payments. With the pandemic, the growth and use of fintech companies has increased with the use of e-commerce and digital payments with the fintech group rising to 98th place out of 197 industry groups, according to IBD.

    Square Inc (NYSE: SQ)

    Since the last few years, Square Inc (SQ)‎ has evolved itself into a large-scale small business and separate financial network which has been processing card payments at an annualized mark of more than $100 billion. Square has been gaining major traction with bigger trading companies along with keeping its initial smaller based business clients and has been blooming as a small commercial loaning platform.

    Square has also been expanding its services with its Cash App which allows its more than 300 million active users, which generate more than $2 billion in revenue, to enjoy features such free trading, depositing through mobile phones, and using services such as those integrated with Credit Karma. And it also presents as a better option than Paypal because it has proven itself more open to trying new options as it started on cryptocurrencies in 2018 and have been profiting largely from it. The fintech stock has also bought 4,709 bitcoins at the price of $50 million, proving that it sees crypto currency as the future investment and economy.

    Green Dot Corporation (NYSE: GDOT)

    One of the oldest fintech companies is Green Dot Corporation (GDOT) ‎which is largely known for being the first to bring the prepaid debit card more than twenty years ago. Even now Green Dot is the biggest pre-paid debit card company in the world by its market capitalization. Some of its clients include Walmart, Google, and Uber. Ever since Green Dot sold off in March, its stock has grown more than 220 per cent.

    Green Dot also launched a new mobile bank to deal with the problems of those Americans which are struggling to find proper employment. The company has also been invested in providing economic solutions for the struggling class by using the rich industry. The company’s banking-as-a-service platform is in its early days and has a lot of potential as it is used by companies such as Apple and Uber. Green Dot presents as an innovative solution for companies by letting them use its banking infrastructure to fund their own projects and products.

    Paypal Holdings Inc (NASDAQ: PYPL)

    Paypal Holdings Inc (PYPL)‎ is a fintech global giant which has more than 300 million customers in more than 200 markets which use its platform all over the world. The company’s stocks hit a high of $244.01 a share recently and its share prices have increased more than twice year to date. It also seems more attractive in the market currently because it has announced that those American which will receive their first stimulus check through PayPal or even Venmo will have the benefit of automatically receiving their payments through Direct Deposit the next time which will allow the customers to receive their checks remotely.

    This presents as a huge attraction to investors and PayPal has proven itself as a reliable company to be depended upon during the pandemic. PayPal has repeatedly proven its performance and has even ranked $5.4 billion in total revenue. PayPal has also been invested in the pandemic high and has also been invested in cryptocurrency through Bitcoin. Since March it has gained more than 230 per cent.

  • Three Top Coronavirus Stocks to Buy Anytime Soon

    Three Top Coronavirus Stocks to Buy Anytime Soon

    The best companies that have developed stronger during the pandemic.

    There is a saying that in every dark cloud there is a silver lining. Amidst the catastrophe, the COVID-19 pandemic has brought some notable opportunities for investors and companies, as well. Some of the industries have highly benefited such as the medicine and pharmaceutical companies have gone bullish following the vaccine development.

    For investors, if you’re looking for a secure investment and maximization of your wealth the best option is to go with well-positioned market leaders and hold them for a long period. So, we will be looking at the three top coronavirus stocks that could be a buy anytime soon.

    Square (SQ)

    The emerging financial services, merchant services aggregator, and mobile payment company, Square (SQ) is shaping up the future fintech world. As retail sales shifting online and during the pandemic, it has accelerated the pace of digital glory.

    Customer sales are continuing to rise and many companies have heavily relied on their online sales during all the four quarters of 2020. In that premise, the businesses are planning to go online and make it their primary source of sale.

    Square is slightly on the downward move since pumping early in this month. Investors need to follow square as the stock could be at a perfect buy position in the next week or so.

    CVS Health (CVS)

    CVS Health (CVS) is a healthcare firm that owns CVS Pharmacy, runs a retail chain; CVS Caremark, a pharmacy benefits manager; Aetna, a health insurance provider, among many other brands.

    The company’s acquisition strategy has made it a powerful force in the healthcare industry. For instance, by transforming its network from drug stores to clinics, CVS has earned ways to make profits. The company leads the drug store market with over 10,000 retail locations, 1,100 MinuteClinics, and 450 HealthHub locations across the country.

    Moreover, the company is taking a full part in the COVID-19 cycle. CVS is conducting almost 70% of the coronavirus tests and has a major stake in the US’s coronavirus vaccination effort. Analysts believe that the company can generate an additional $1 billion in gross profit from the COVID-19 immunizations. So, CVS Health (CVS) shares could shoot higher by the end of 2021.

    Freshpet (FRPT)

    With a massive boom in pet ownership during the epidemic, Freshpet (FRPT) has much in the tank to make its investors rich. The company specializes in pet food products, especially its dog and cat food products have been in huge demand lately.

    The company has a stronghold at the retail level, with its branded refrigerators installed in over 22,000 supermarkets and other retailers. So, the company is well-positioned to maintain profits from the rising pet market. In the last year, Americans have spent over $99 billion on pet products including food.

    Freshpet (FRPT) ended the full-year with a total sale of $318.8 million, up by 30% year-over-year. The has forecasted its sales to approximately triple to $1 billion by 2025. So, FRPT could be a handsomely attractive stock with potential gains for the investors.