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

Block Inc. XYZ is gearing up for a major milestone. The fintech company is set to join the S&P 500 index ahead of trading on Wednesday, July 23. Analysts expect the inclusion to trigger significant buying pressure from index funds. JPMorgan analyst Min Moon is forecasting a net demand of 54.2 million shares. That’s equivalent to 759% of Block's average daily trading volume.Indexer Demand BreakdownThe surge in demand comes from two main forces. S&P 500 index funds will need to purchase roughly 70.9 million s ...