Key Insights Significantly high institutional ownership implies Block's stock price is sensitive to their trading...
The United States stock market has shown robust growth, rising 1.8% over the past week and achieving a 23% increase over the last year, with earnings projected to grow by 15% annually. In such a thriving market, stocks with high insider ownership can be particularly appealing as they often indicate that company leaders have a vested interest in the business's success and future growth.
Based on the average brokerage recommendation (ABR), Block (SQ) should be added to one's portfolio. Wall Street analysts' overly optimistic recommendations cast doubt on the effectiveness of this highly sought-after metric. So, is the stock worth buying?