Square’s Stock Price grew Fivefold based on Closing Price compared to Yearly Low

San Francisco-based mobile payment giant, Square Inc. (NYSE: SQ) closed at $166.66 on September 1st, surpassing fivefold value of its yearly low of $32.33 recorded on March 18th. Currently, its stock price is hitting a new high, and the stock price has grown over 1,100% compared to that recorded at the time of IPO in November 2015.

Founded in 2009 by Twitter’s CEO Jack Patrick Dorsey, Square Inc. is leading in providing retailers or restaurants with payment solutions. 

Square Inc. also provides a mobile payment software for individuals, Cash App, enabling to handle bitcoins, etc. with mobile phones. In 2020 Q2, Square Inc. recorded about 64% growth in its sales partially thanks to effects of the US government funds such as unemployment benefits.  

Square Inc. is incorporated into some US growth funds and often referred to as one of the successors of FANG stocks. We expect its continuous growth at this moment. 

mobile payment
Photo by Blake Wisz on Unsplash

Square, Inc. (NYSE: SQ) stock chart

Important Notice 

  1. Watanabe & Brothers’ Investment is holding shares of Square Inc.
  2. This report is provided solely for informational purpose and not intended for the purpose of soliciting investment in, or as a recommendation to purchase or sell any specific products. 
  3. Any opinions or statements expressed in this report are based on the author’s personal and subjective views, and are not the official views of the organization to which the author belongs.  In addition, although we have done our best efforts in making accurate assessments on the original financial statements, we cannot guarantee any complete accuracy of this report. We do not guarantee either that any future forecasts referred to in this report will certainly be realized. Investment in listed stocks, ETFs, etc. should be carried out under the responsibility of each investor, and even if the investor who read this report suffers a loss due to investment activities, Watanabe & Brothers’  Investment is not responsible for any liability.
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