Block Inc. Stock Underperforms Wednesday When Compared To Competitors Despite Daily Gains
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Shares of Block Inc. (SQ) rallied 4.00% to $57.76 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the NASDAQ Composite Index rising 1.28% to 12,500.57 and the Dow Jones Industrial Average rising 1.24% to 33,420.77.
Block Inc. closed $35.43 below its 52-week high ($93.19), which the company reached on August 5th.
The stock underperformed when compared to some of its competitors Wednesday, as OneSoft Solutions Inc. rose 5.26% to $0.36.
Trading volume (8.7 M) remained 7.7 million below its 50-day average volume of 16.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 17, 2023.
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May 17, 2023 17:25 ET (21:25 GMT)
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