Last month: SQ is up 18%, PYPL is up 3%
Last 5 Days: SQ is up 12%, PYPL is up 9%
Today: SQ up 6%, PYPL trading sideways (0%)
EDIT: wanted to add other Fintech stocks such as SOFI
SOFI is down 30% in the last month, down 9% in the last 5 days, and up 1% today
What gives??
Just interesting to me how Block continues to see impressive gains in the last few days moreso than other leaders in fintech. It really seems overvalued in this market where it still hasn't reached profitability and the CEO is doing god knows what with crypto. What makes it better than a cash cow such as PYPL in todays market?
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