(VIANEWS) – Afterpay shareholders received a 30% premium when the digital payments company bought Afterpay in Australia for $29 billion. Although Square shares declined 4.8% in premarket trading, shares of U.S. payment company Affirm (AFRM), rose 8.2% upon news of the transaction.
CNBC confirmed that zoom Video, (ZM) agreed to pay $85 Million to settle a case alleging it had violated privacy rights.
At session start today, Shares of Square (SQ) rose 7.38% to $265.50 at 09:46 EST on Monday, after two successive sessions in a row of losses. NYSE Composite is dropping 0.57% to $16,602.29, following the last session’s downward trend. This seems, up until now, a somewhat bearish trend exchanging session today.
Square’s last close was $239.94, 15.27% under its 52-week high of $283.19.
Today’s last reported volume for Square is 7189168 which is 16.69% below its average volume of 8629322.
The company’s growth estimates for the ongoing quarter and the next is 66.7% and 14.7%, respectively.
Year-on-year quarterly revenue growth grew by 266.2%, now sitting on 13.17B for the twelve trailing months.
Square’s Stock Yearly Top and Bottom Value
Square’s stock is valued at $265.50 at 09:46 EST, below its 52-week high of $283.19 and way above its 52-week low of $123.32.
Square’s Moving Average
Square’s worth is way above its 50-day moving average of $238.26 and way above its 200-day moving average of $234.57.
News about Square (SQ) today
Square Q2 profit tops view. According to today’s article on Business Insider, “California-based e-payment portal Square Inc. (SQ) reported that its second-quarter net income attributable to common stockholders was $204.02 million or $0.40 per share compared to a loss of $11.48 million or $0.03 per share in the previous year. ”
Square shares slip 4% after news of afterpay purchase and revenue miss. According to today’s article on MarketWatch, “For the third quarter, Square anticipates adjusted product development, sales and marketing, and general and administrative expenses to be up by about $150 million compared with what was seen in the second quarter of 2021.”
Square stock news and forecast: market sells off SQ after surprise earnings, acquisition announcement. According to today’s article on FXStreet, “Already scheduled to release second-quarter earnings this Thursday, on Sunday Square surprised pretty much everyone with both an all-stock deal to acquire Australian “buy now, pay later” firm Afterpay for $29 billion and early Q2 results. “, “Barclays Capital was even more bullish, believing”Afterpay makes long-term fundamentals stronger, as Square inches closer to becoming the JPMorgan Chase & Co of the future.”
Previous days news about Square (SQ)
Square, inc. announces second quarter 2021 results. According to Business Wire on Sunday, 1 August, “Sellers use Square to reach buyers online and in person, manage their business, and access financing. ”
Square agrees to acquire afterpay for $29 billion in all-stock deal. According to Fox Business on Sunday, 1 August, “Afterpay said its shareholders will receive 0.375 share of Square Class A common stock for each Afterpay share that they own. ”
More news about Square (SQ).