Square Stock Sees Strong Pre-Earnings Call Buying - News Summed Up

Square Stock Sees Strong Pre-Earnings Call Buying


Payments software provider Square will report earnings after the close tomorrow, Feb. 27, and the stock has been moving away from the 200-day moving average in the weeks leading up to the event. The stock over the past year has regularly made bigger moves than what's been priced in by options traders. By the numbers, 15 brokerage firms have "hold" or worse recommendations, compared to 14 "buy" or "strong buy" ratings. This setup leaves the door open for a potential round of bull notes on Square, should the quarterly report impress. Visit SchaeffersResearch.com to discover how you can use stock options to complement your investing portfolio.


Source: Forbes February 26, 2019 18:33 UTC



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