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Shares of Block Inc. (SQ) slid 3.05% to $55.56 Friday, on what proved to be an all-around grim trading session for the stock market, with the NASDAQ Composite Index falling 0.35% to 12,284.74 and Dow Jones Industrial Average falling 0.03% to 33,300.62.
This was the stock's third consecutive day of losses.
Block Inc. closed $37.63 below its 52-week high ($93.19), which the company achieved on August 5th.
The stock underperformed when compared to some of its competitors Friday, as OneSoft Solutions Inc. fell 0.16% to $0.31.
Trading volume (11.8 M) remained 4.7 million below its 50-day average volume of 16.5 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 12, 2023.
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May 12, 2023 17:25 ET (21:25 GMT)
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