Block Inc. Stock Falls Wednesday, Underperforms Market
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Shares of Block Inc. (SQ) slipped 6.21% to $72.65 Wednesday, on what proved to be an all-around dismal trading session for the stock market, with the NASDAQ Composite Index falling 1.60% to 11,669.96 and Dow Jones Industrial Average falling 1.63% to 32,030.11. The stock's fall snapped a two-day winning streak. Block Inc. closed $76.35 below its 52-week high ($149.00), which the company achieved on March 29th.
The stock underperformed when compared to some of its competitors Wednesday, as OneSoft Solutions Inc. fell 1.89% to $0.33. Trading volume (17.5 M) eclipsed its 50-day average volume of 12.5 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 22, 2023.
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March 22, 2023 17:25 ET (21:25 GMT)
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