Why Square's Stock Popped 29.4% in June (and Is Still Climbing)

Why Square's Stock Popped 29.4% in June (and Is Still Climbing)

Shares of electronic payment company Square (NYSE: SQ) jumped 29.4% in June, according to data provided by S&P Global Market Intelligence, as e-commerce stocks rose sharply. Square got two big analyst upgrades from Barclays and Rosenblatt, which see the company's payment platform and peer-to-peer payment apps driving growth in the long term.