Traders Buy High Volume of Block Call Options (NYSE:XYZ)

Block, Inc. (NYSE:XYZGet Free Report) was the target of some unusual options trading on Thursday. Stock traders acquired 62,863 call options on the stock. This represents an increase of approximately 37% compared to the average volume of 45,987 call options.

Block Price Performance

Shares of XYZ stock opened at $93.07 on Friday. Block has a 12-month low of $55.00 and a 12-month high of $99.26. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.26. The firm has a market cap of $57.69 billion, a PE ratio of 52.29, a P/E/G ratio of 0.80 and a beta of 2.51.

About Block

(Get Free Report)

Block, Inc, together with its subsidiaries, creates tools that enables sellers to accept card payments and provides reporting and analytics, and next-day settlement. It provides hardware products, including Magstripe reader, which enables swiped transactions of magnetic stripe cards; Contactless and chip reader that accepts Europay, MasterCard, and Visa (EMV) chip cards and Near Field Communication payments; Square Stand, which enables an iPad to be used as a payment terminal or full point of sale solution; Square Register that combines its hardware, point-of-sale software, and payments technology; Square Terminal, a payments device and receipt printer to replace traditional keypad terminals, which accepts tap, dip, and swipe payments.

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