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1 Reason to Buy Block (XYZ)

TheMotleyFool

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Block (NYSE: XYZ) was once a top-performing stock. In the five years leading up to its peak price in August 2021, shares had soared an astonishing 2,430%. Growth was robust, and the market had an affinity toward the business.

These days, Block's expansion has slowed down noticeably. And this fintech stock currently trades 71.7% below its record (as of July 24). That disappointing performance can drive investors away. However, it doesn't take much to maintain a positive outlook.

Here's one reason to buy Block shares today.

Source Fool.com

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