(VIANEWS) – Rigrodsky Law, P.A. announced that it is investigating Square, Inc. for potential breaches of fiduciary responsibilities and other legal infractions relating to Square’s deal to purchase Afterpay Limited. Afterpay stockholders will get 0.375 shares of Square for each share of Afterpay common stock they own, according to the terms of the deal.
Shares of Square (SQ) rose 5.33% to $280.63 at 10:58 EST on Thursday, after two sequential sessions in a row of losses. NYSE Composite is falling 0.5% to $16,629.50, following the last session’s downward trend. This seems, as yet, a somewhat bearish trend exchanging session today.
Square’s last close was $239.94, 15.27% below its 52-week high of $283.19.
Today’s last reported volume for Square is 5961228 which is 37.03% below its average volume of 9466638.
The company’s growth estimates for the present 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 $280.63 at 10:58 EST, below its 52-week high of $283.19 and way higher than its 52-week low of $134.00.
Square’s Moving Average
Square’s value is way above its 50-day moving average of $245.29 and way above its 200-day moving average of $235.80.
News about Square (SQ) today
According to today’s article on Business Insider, “The Square Enix Group publishes, distributes and licenses entertainment content around the world under its internationally renowned brands including SQUARE ENIX®, EIDOS® and TAITO®. “, “with headquarters in Tokyo, Japan, is the holding company leading the group of Square Enix companies (the “Square Enix Group”) with a diverse range of content and service businesses. ”
Previous days news about Square (SQ)
Affirm stock rockets after Square announces $29 billion deal for rival afterpay. According to MarketWatch on Monday, 2 August, “Shares of buy-now pay-later (BNPL) company Affirm Holdings Inc. are surging more than 18% in Monday trading after Square Inc. announced its plans to purchase BNPL rival Afterpay Ltd. “, “She saw a positive read through for Marqeta Inc. , which works with both Afterpay and Square on debit-based products, though Marqeta shares are off 0.4% in Monday trading.”
Square just bought afterpay, and wall street’s betting this fintech stock could be next. According to The Motley Fool on Monday, 2 August, “Over the weekend, Square (NYSE: SQ) surprised investors by releasing earnings early and announcing a huge acquisition. “, “Under the terms of the deal, Afterpay shareholders will receive 0.375 shares of Square for every Afterpay share they own. ”
Square to acquire ‘buy now, pay later’ firm afterpay. According to The New York Times on Monday, 2 August, “It will also help the San Francisco-based Square further expand in Australia, its second-biggest market after the United States.”, “Shares of Square are up 83 percent over the past year, giving it a market capitalization of $112 billion. ”
Shareholder alert: rigrodsky law, p.a. announces investigation of Square, inc. merger. According to Benzinga on Wednesday, 4 August, “Under the terms of the agreement Afterpay’s shareholders will receive 0.375 shares of Square for each share of Afterpay common stock they own.”
More news about Square (SQ).