Block Inc. Stock Outperforms Competitors On Strong Trading Day

Boxed Inc

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Consumer Discretionary : Internet & Direct Marketing Retail | Small Cap Growth

Company profile

Boxed, Inc. (Boxed) operates an e-commerce grocery platform which sells bulk consumables and licenses its e-commerce software to enterprise retailers. Boxed operates an e-commerce retail service that provides bulk pantry consumables to businesses and household customers, without the requirement of a big-box store membership. Boxed further enables e-commerce through its Software & Services business, which offers customers in need of an enterprise-level e-commerce platform access to its end-to-end technology.

Block Inc. Stock Outperforms Competitors On Strong Trading Day

5:25 pm ET December 20, 2022 (MarketWatch) Print

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of Block Inc. (SQ) advanced 1.60% to $61.41 Tuesday, on what proved to be an all-around positive trading session for the stock market, with the NASDAQ Composite Index rising 0.01% to 10,547.11 and the Dow Jones Industrial Average rising 0.28% to 32,849.74. The stock's rise snapped a three-day losing streak. Block Inc. closed $110.48 below its 52-week high ($171.89), which the company reached on December 21st.

The stock outperformed some of its competitors Tuesday, as OneSoft Solutions Inc. fell 1.21% to $0.33. Trading volume (8.7 M) remained 5.0 million below its 50-day average volume of 13.7 M.

Data source: Dow Jones Market Data, FactSet. Data compiled December 20, 2022.

(END) Dow Jones Newswires

December 20, 2022 17:25 ET (22:25 GMT)