Two Short Reasons Why Square Inc’s Stocks Are Rising

    Author Grace ChangPosted on Categories Application Software, TechTags , , , , , , , , , , , , , , , , , , , , , , ,
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    San Francisco-based mobile payment company, Square Inc.’s (NYSE:$SQ) shares have gone up quite unexpectedly by 14% just within a single month. Wall Street investors and traders are speculating as to why — a popular speculation is that Amazon (NASDAQ:$AMZN) is looking to buy Square.

    On a whole, Jim Cramer, founder of TheStreet and manager of the Action Alerts PLUS portfolio, theorizes that there are two main reasons for Square’s sudden rise in the market. The first reason is the popular theory that Amazon is looking to purchase Square, and the second being that founder and current CEO Jack Dorsey is going to step down and hand the company to CFO Sarah Friar — a person who is more than qualified for the job.

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    Author Grace Chang
    About the author: Grace is currently studying at UBC to achieve her BA in Computer Science. She is due to graduate in 2020. As a content creator, Grace has written financial analysis, stock market news, and informational investing articles. She also worked as an editor with her university publication 'UBC Undergraduate Journal of Art History'.