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Shares of Block Inc. (SQ) shed 2.34% to $55.54 Tuesday, on what proved to be an all-around dismal trading session for the stock market, with the NASDAQ Composite Index falling 0.18% to 12,343.05 and Dow Jones Industrial Average falling 1.01% to 33,012.14.
Block Inc. closed $37.65 below its 52-week high ($93.19), which the company achieved on August 5th.
The stock underperformed when compared to some of its competitors Tuesday, as OneSoft Solutions Inc. rose 4.59% to $0.34.
Trading volume (8.1 M) remained 8.3 million below its 50-day average volume of 16.5 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 16, 2023.
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May 16, 2023 17:25 ET (21:25 GMT)
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