Home / Tech & Systems / Cutting Edge Stocks in Focus- Square (NYSE:SQ), MeetMe (NASDAQ:MEET)

Cutting Edge Stocks in Focus- Square (NYSE:SQ), MeetMe (NASDAQ:MEET)

Monday bloom on Square, Inc. (NYSE:SQ) [Trend Analysis], stock eased up about 0.43% in early session as its gaining volume of 5.88 Million. Billionaire Steve Cohen‘s Point72 Asset Management recently filed a Form 13G with the Securities and Exchange Commission, in which it reported the acquisition of 5.84 million Class A ordinary shares of Square Inc. (NYSE:SQ). Because of the acquisition, the fund now holds 6.66 million Class A shares of the firm, which amass 5.4% of its outstanding stock.

Aside from Point72 Asset Management, many other hedge funds that we track were bullish on Square (SQ) at the end of June, comprising Dmitry Balyasny’s Balyasny Asset Management, which held a position worth $19.43 million, Chase Coleman’s Tiger Global Management, with a $10.7 million position, and John Overdeck and David Siegel’s Two Sigma Advisors. Some of the investors that dumped Square (SQ) during the quarter were Edmond M. Safra’s EMS Capital, which sold off its position valued at $7.64 million at the end of March, and Tim David’s Guardian Point Capital, which stated goodbye to $764,000 worth of Square shares.

The stock showed weekly upbeat performance of 1.20%, which maintained for the month at 24.74%. Likewise, the positive performance for the quarter recorded as 25.67%, while the YTD performance remained at -9.85%. SQ has Average True Range for 14 days of 0.40.

MeetMe, Inc. (NASDAQ:MEET) [Trend Analysis] pretends to be active mover, stock slightly down about -0.77% to trade at $5.15. The liquidity measure in recent quarter results of the firm was recorded 5.60 as current ratio. The Firm has profit margin of positive 56.40% in trailing twelve months. (Read Recent [Free Analytic] Facts on NASDAQ:MEET and Be Updated)

To accommodate long-term intention, experts calculate Return on Investment of 6.90%. The firm has Profit Margin of positive 56.40%.

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About Richard Avery

He is a capital projects manager and process design engineer at a large-cap company. He has renowned MBA degree. Before joining SWR, he was a freelance writer for renounce tech websites. He is currently studying for CFP exam. Interests: Tech stocks, Economic Markets, Blue-chips.

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