Block Inc. Stock Underperforms Thursday When Compared To Competitors
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Shares of Block Inc. (SQ) plunged 14.82% to $61.88 Thursday, on what proved to be an all-around positive trading session for the stock market, with the NASDAQ Composite Index rising 1.01% to 11,787.40 and the Dow Jones Industrial Average rising 0.23% to 32,105.25. This was the stock's second consecutive day of losses. Block Inc. closed $87.12 below its 52-week high ($149.00), which the company achieved on March 29th.
The stock underperformed when compared to some of its competitors Thursday, as OneSoft Solutions Inc. rose 0.52% to $0.33. Trading volume (140.0 M) eclipsed its 50-day average volume of 12.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 23, 2023.
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March 23, 2023 17:25 ET (21:25 GMT)
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