Block Inc. Stock Falls Wednesday, Underperforms Market
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Shares of Block Inc. (SQ) slid 3.02% to $57.53 Wednesday, on what proved to be an all-around mixed trading session for the stock market, with the NASDAQ Composite Index rising 1.04% to 12,306.44 and the Dow Jones Industrial Average falling 0.09% to 33,531.33.
Block Inc. closed $35.66 below its 52-week high ($93.19), which the company achieved on August 5th.
The stock underperformed when compared to some of its competitors Wednesday, as OneSoft Solutions Inc. fell 1.92% to $0.31.
Trading volume (12.4 M) remained 4.0 million below its 50-day average volume of 16.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 10, 2023.
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May 10, 2023 17:25 ET (21:25 GMT)
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