Block surges to 264th in trading volume with $658 million in shares exchanged

On April 9, 2025, Block (XYZ) experienced a significant surge in trading volume, with a total of $658 million in shares exchanged, marking a 31.25% increase from the previous day. This substantial trading activity placed Block at the 264th position in terms of trading volume for the day. The stock price of Block also saw a notable increase, rising by 14.08%.

Evercore ISI initiated coverage of Block with an In-Line rating and a price target of $52. This rating reflects the firm's assessment of Block's two major segments, merchant services via Square and Cash App. The In-Line rating suggests that Evercore ISI believes Block's stock is fairly valued at its current price, indicating a neutral stance on the company's future performance.