Why is the Block share price rocketing 10% today?
Image source: Getty Images
The share price of Block Inc. (ASX: SQ2) has exploded in the last month of trade and is up more than 20% in that time.
Shares in the fintech company have surged by over 10% on Tuesday, potentially driven by a bullish analyst note from Piper Sandler.
Zooming out, Block shares have rallied 8% so far this year, lifting from $87.64 in early August to trade at $126.19 apiece at the time of writing.
What’s driving the Block share price?
Block, which owns buy now, pay later (BNPL) pioneer Afterpay, has rallied hard this week after the outcome of the US Election was decided.
This saw its US-listed shares rally as investors piled into US stocks en masse, lifting the US market to a record high in doing so.
Now…
