StockNews.AI
IVV
Benzinga
29 days

Block S&P 500 Debut Could See 759% Volume Frenzy, 54 Million Shares Snapped Up: JPMorgan

1. Block Inc. joins S&P 500 on July 23, boosting visibility. 2. Analysts forecast a demand of 54.2 million shares from indexers. 3. JPMorgan raises Block's price target from $60 to $90 based on growth. 4. Inclusion may bring short-term volatility and heightened trading volume. 5. Long-term performance contingent on Block's execution beyond index demand.

4m saved
Insight
Article

FAQ

Why Bullish?

Block's index inclusion creates significant buying pressure, reminiscent of past high-performers like Tesla.

How important is it?

Significant trading activities around Block's index addition may lead to broader market impacts, including IVV.

Why Short Term?

Price volatility is expected around the inclusion date, similar to other S&P additions.

Related Companies

Related News