The Latest Breaking News from SQ

A whale with a lot of money to spend has taken a noticeably bearish stance on Block. Looking at options history for Block (NYSE:SQ) we detected 45 strange trades.

Block (NYSE:SQ) has outperformed the market over the past 5 years by 10.64% on an annualized basis producing an average annual return of 19.23%. Currently, Block has a market capitalization of $33.37 billion.

Credit Suisse analyst Timothy Chiodo reiterated an Outperform on Block, Inc (NYSE:SQ). Due to higher interest rates, Chiodo cut the price target to $170 from $180. He saw two dominant business models that will "win" over the coming decade within payment acceptance.  The models will either: 1) be the software platform (and monetize via…

A whale with a lot of money to spend has taken a noticeably bearish stance on Block. Looking at options history for Block (NYSE:SQ) we detected 16 strange trades.

Although the fintech industry is poised to grow significantly in the long run, data security concerns are currently plaguing the industry. Therefore, fundamentally weak fintech stocks Bill.com (BILL), Block (SQ), and Futu Holdings (FUTU) are expected to suffer in the near term.

A whale with a lot of money to spend has taken a noticeably bearish stance on Block. Looking at options history for Block (NYSE:SQ) we detected 53 strange trades.

Someone with a lot of money to spend has taken a bearish stance on Block (NYSE:SQ). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Payments company Stripe Inc looks to give customers access to Bitcoin (CRYPTO: BTC)four years after suspending support for the cryptocurrency, Bloomberg reports. Stripe collaborated with crypto startup OpenNode to help its customers to accept Bitcoin payments through a new app.  Stripe customers will be able to convert incoming payments and any amount of…

Block (NYSE:SQ) has outperformed the market over the past 5 years by 19.93% on an annualized basis producing an average annual return of 30.35%. Currently, Block has a market capitalization of $48.80 billion.

Mayank Tandon from Needham has reiterated a Buy on Block, Inc (NYSE:SQ) with a price target of $135 (65.9% upside).  Last week, Tandon attended SQ's virtual analyst day. Management laid out its view of the company's bright future given the numerous growth drivers in the Seller and Cash App ecosystems, compelling LT unit economics for each…

Someone with a lot of money to spend has taken a bullish stance on Block (NYSE:SQ). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.