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square stock price today

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SQ Stock Price Today Climbed on This One Factor

By , Associate Editor, Money Morning -

square stock

The Square Inc. (NYSE: SQ) stock price today (Friday) climbed again - up nearly 7% in intraday trading at $14.05 - after its successful IPO debut on Thursday.

SQ's IPO priced at $9, which was lower than its desired IPO range of $11 to $13. But early investors saw double-digit gains as the stock closed at $13.07 on Thursday, soaring over 65% from its opening price.

While investors have been pouring over the company's financials, there's only one reason why SQ stock is climbing...