Block Inc. Stock Falls Wednesday, Still Outperforms Market
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Shares of Block Inc. (SQ) slid 1.30% to $59.08 Wednesday, on what proved to be an all-around grim trading session for the stock market, with the NASDAQ Composite Index falling 1.35% to 10,213.29 and Dow Jones Industrial Average falling 1.10% to 32,875.71. This was the stock's second consecutive day of losses. Block Inc. closed $109.55 below its 52-week high ($168.63), which the company achieved on December 30th.
The stock underperformed when compared to some of its competitors Wednesday, as OneSoft Solutions Inc. rose 3.03% to $0.32. Trading volume (7.6 M) remained 5.4 million below its 50-day average volume of 13.0 M.
Data source: Dow Jones Market Data, FactSet. Data compiled December 28, 2022.
(END) Dow Jones Newswires
December 28, 2022 17:25 ET (22:25 GMT)
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