Block

Block (XYZ) fell 4.10% to $84.04 in Thursday's regular session, reversing a premarket rise to $88.30 and sliding to $81.94 at 10:53 ET before a partial rebound; the regular session opened at $87.18 and peaked at $87.49, while post-market trading at 16:14 ET slipped further to $83.33. The move followed a 16% surge after Q3 results as investors took profits, with the U.S. Department of Justice's $764 million anti-money-laundering settlement and the company's second round of job cuts this year adding pressure. Q3 EPS of $0.92, revenue of $6.72 billion and net income of $565.6 million rose 24.3%, 9.9% and 22.5% year over year, and an 8.4% net margin underscored the operating backdrop that contrasted with the day's decline. The shares remain up 29.0% year to date, 5.05% below the 52-week high of $88.51 and above the MA20 of $77.82 and MA60 of $78.51, with a PE of 109.49; Macquarie raised its target to $80 from $75, while RBC set a $103 target. Still, the post-market drop suggested selling pressure was not fully absorbed.

Block closed up 15.3% at $87.63 on Wednesday after third-quarter results landed above analyst estimates and guidance was raised, with the move starting pre-market as the stock climbed from $80.51 to $84.10 before a steady one-way session that peaked at $88.38, within 0.99% of the 52-week high of $88.51 set the same day. Cash App growth and an accelerating product launch cadence drew multiple rating upgrades, with Royal Bank of Canada setting a new $103 price target and a FactSet survey putting the consensus target at $100. Year to date the stock is up 34.5% and trades above both its 20-day ($77.38) and 60-day ($78.42) moving averages, while the company added 120 bitcoin in the quarter to reach 9,237. Though prior-quarter revenue of $6.62bn grew only 9.3% year over year and net income of $88.5m fell 83.56%, leaving the PE at 147.4, and bitcoin gross profit halved after fee cuts.

Block (XYZ.US) closed up 5.25% at $79.83, recovering from a pre-market dip to $74.89 and grinding single-directionally from a regular-session low of $76.17 to an intraday high of $80.06 before finishing near the top; UBS reiterating its buy rating and a report that a billionaire investor bought 2.56 million shares in the second quarter provided the main support. Fundamentals cut the other way: Q2 2026 revenue of $6.618bn grew 9.3% year over year, yet net profit of just $88.5m fell 83.56% and EPS of $0.1458 dropped 83.27%, leaving the PE at 134.29 and the market value near $47.96bn. The stock trades above its MA20 of $75.98 but still below its MA60 of $79.17, up 22.53% year to date while sitting 8.16% under the 52-week high of $86.92 and 65.59% above the February low. Though an FTC probe into frozen-account complaints and director Anthony Mathew Eisen's 18,000-share disposals remain counterweights.

Block staged a strong rally in regular trading, surging 4.99% to $81.78 by ET 12:52, approaching its 52-week high of $86.92, driven by Cathie Wood's bet on Bitcoin-linked stocks and a partnership with Nova Credit to expand Cash App Score. After dipping to $77.00 in pre-market, the stock opened at $77.65 and climbed steadily, with intraday low of $77.365 and high of $81.78 creating a nearly 6% range. Q2 revenue of $6.62 billion grew 9.3% YoY, but net profit plunged 83.56% to $88.52 million with EPS of just $0.1458, raising concerns over earnings quality. The stock has reclaimed both the 20-day MA ($81.02) and 60-day MA ($78.59), standing just 5.92% below its 52-week peak, with a YTD gain of 25.51%. However, the net profit margin slipped to 1.34% in Q2, and recent insider selling by executives warrants caution.

Block surged sharply during regular trading, reaching $86.860 as of ET 10:56, up 4.5% from the previous close of $83.100 and marking a new 52-week high. The session low was $84.180 (opening price) and the high touched $86.860, forming a single-leg upward pattern that decisively broke above MA20 ($81.468) and MA60 ($77.848), with YTD return at 33.26%. Recent catalysts include Square's deepened strategic partnership with OpenTable to unify dining and payment insights, and the launch of Square's premium credit card with enhanced rewards for small businesses and a new vendor payment method. While Q2 revenue reached $6.618 billion (+9.3% YoY), net profit fell sharply to $88.52 million (-83.56% YoY), and the P/E ratio of 145.6x highlights valuation tension against improving fundamentals. However, CFO and a director collectively disposed of approximately $2.5 million in shares recently, and the post-market slip to $83.201 suggests short-term profit-taking pressure.