Square Stock Soars As Citi Encourages Investors To Buy

By Jennifer BootonMarketsMarketWatch Pulse

Shares of Square Inc. climbed nearly 4% on Friday after analysts at Citigroup initiated coverage on the stock with a buy rating. Square stock traded around $14.40 Friday afternoon, representing an increase of nearly 18% in the past three months and more than 46% in the past 12 months. Its shares have outperformed the S&P 500 , which is up 7.3% in the past three months and 22% in the year. The percent-gain is Square's largest since Dec. 7. The company is scheduled to report earnings next week.

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