Block Inc. Stock Underperforms Thursday When Compared To Competitors
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Shares of Block Inc. (SQ) slipped 1.62% to $70.94 Thursday, on what proved to be an all-around dismal trading session for the stock market, with the NASDAQ Composite Index falling 0.96% to 10,852.27 and Dow Jones Industrial Average falling 0.76% to 33,044.56. This was the stock's second consecutive day of losses. Block Inc. closed $78.06 below its 52-week high ($149.00), which the company reached on March 29th.
The stock underperformed when compared to some of its competitors Thursday, as OneSoft Solutions Inc. rose 5.25% to $0.35. Trading volume (12.0 M) remained 375,085 below its 50-day average volume of 12.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 19, 2023.
(END) Dow Jones Newswires
January 19, 2023 17:25 ET (22:25 GMT)
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