Block Inc. Stock Falls Thursday, Underperforms Market
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Shares of Block Inc. (SQ) slid 3.18% to $60.59 Thursday, on what proved to be an all-around dismal trading session for the stock market, with the NASDAQ Composite Index falling 2.18% to 10,476.12 and Dow Jones Industrial Average falling 1.05% to 33,027.49. The stock's fall snapped a two-day winning streak. Block Inc. closed $110.81 short of its 52-week high ($171.40), which the company achieved on December 27th.
The stock underperformed when compared to some of its competitors Thursday, as OneSoft Solutions Inc. fell 1.02% to $0.33. Trading volume (9.7 M) remained 3.8 million below its 50-day average volume of 13.5 M.
Data source: Dow Jones Market Data, FactSet. Data compiled December 22, 2022.
(END) Dow Jones Newswires
December 22, 2022 17:25 ET (22:25 GMT)
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