SQ Stock Alert: What to Know About the Massive $25M Recent Insider Buy

Shares of Block (NASDAQ:SQ) stock are rising 2% today following a notable insider buy.On Aug. 6, Sequoia Capital purchased 434,405 shares of SQ stock at average prices ranging between $56.85 and $57.82. While director Roelof Botha’s name is listed on the Form 4 disclosure, Sequoia made the purchase. The Form 4 is attributed to Botha because he is a partner at Sequoia and also a director at Block.This is the second time that Sequoia, through Botha, has disclosed purchasing SQ during the past year. Its previo ...