It's Been 44 Months Since Block Stock Set Its All-Time High. Here's 1 Reason to Buy Today.
Block (NYSE: XYZ) -- initially called Square -- had its initial public offering (IPO) in November 2015. While the shares experienced wild bouts of volatility, the business registered fantastic growth. This was supercharged during the pandemic, which positively impacted many digitally enabled companies.This fintech stock established its all-time high in August 2021, registering an unbelievable 2,060% gain from the IPO. But it's been a disappointing story since then. It's been 44 months since that record, so it's understandable for investors to adopt a pessimistic view of the business.As of this writing, shares trade 81% off the apex. But there's now one obvious reason to be a buyer today.Continue reading
Block (NYSE: XYZ) -- initially called Square -- had its initial public offering (IPO) in November 2015. While the shares experienced wild bouts of volatility, the business registered fantastic growth. This was supercharged during the pandemic, which positively impacted many digitally enabled companies.
This fintech stock established its all-time high in August 2021, registering an unbelievable 2,060% gain from the IPO. But it's been a disappointing story since then. It's been 44 months since that record, so it's understandable for investors to adopt a pessimistic view of the business.
As of this writing, shares trade 81% off the apex. But there's now one obvious reason to be a buyer today.
