Block Inc. Stock Outperforms Competitors Despite Losses On The Day

Verizon Communications Inc

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Communication Services : Diversified Telecommunication Services | Large Cap Value

Company profile

Verizon Communications Inc. is a holding company. The Company, through its subsidiaries, provides communications, information and entertainment products and services to consumers, businesses, and governmental agencies. Its reportable segments are Verizon Consumer Group and Verizon Business Group. Its Consumer segment provides wireless and wireline communications services. Its wireless services are provided across wireless networks in the United States (U.S.) under the Verizon brand. Its wireline services are provided in nine states in the Mid-Atlantic and Northeastern U.S., as well as Washington D.C., over its fiber-optic network under the Fios brand and over a traditional copper-based network. Its Business segment provides wireless and wireline communications services and products, including data, video and conferencing services, security and managed network services, local and long-distance voice services and network access to deliver various Internet of Things services and products.

Block Inc. Stock Outperforms Competitors Despite Losses On The Day

5:25 pm ET January 5, 2023 (MarketWatch) Print

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

Shares of Block Inc. (SQ) slid 2.40% to $64.71 Thursday, on what proved to be an all-around rough trading session for the stock market, with the NASDAQ Composite Index falling 1.47% to 10,305.24 and Dow Jones Industrial Average falling 1.02% to 32,930.08. The stock's fall snapped a two-day winning streak. Block Inc. closed $87.99 below its 52-week high ($152.70), which the company reached on January 12th.

Despite its losses, the stock outperformed some of its competitors Thursday, as OneSoft Solutions Inc. fell 3.97% to $0.29. Trading volume (11.3 M) remained 1.3 million below its 50-day average volume of 12.6 M.

Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 5, 2023.

(END) Dow Jones Newswires

January 05, 2023 17:25 ET (22:25 GMT)

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Block Inc. Stock Outperforms Competitors Despite Losses On The Day