Block Inc. Stock Outperforms Competitors On Strong Trading Day

Cuentas Equity Warrant *W EXP 02/04/2026

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CUENW Cuentas Equity Warrant *W EXP 02/04/2026

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*Nasdaq FSI: *Deficient: Issuer Failed to Meet NASDAQ Continued Listing Requirements

Communication Services : Diversified Telecommunication Services | Small Cap Value

Company profile

Cuentas, Inc. is focused on the business of using fintech technology. The Company provides mobile and e-commerce services for delivering financial, prepaid debit and digital content services to the unbanked, underbanked and underserved Latino, Hispanic, and immigrant communities. The platform includes a Mobile Wallet (Wallet) and a Digital Store (the Cuentas Digital Store) and is linked with a Prepaid Mastercard which can be used for automated teller machine (ATM) withdrawals, online purchases, and in-person purchases. The Company operates in two segments: telecommunications, and General-Purpose Reloadable Cards (GPR). Its e-commerce distribution and mobile payments ecosystem will allow consumers to purchase the Cuentass line of digital products and services through a nationwide network of retailers that specifically serve the Company's target market. Its Prepaid GPR Card allows each account holder to have a personalized Cuentas Mastercard and an associated Cuentas Account.

Block Inc. Stock Outperforms Competitors On Strong Trading Day

5:25 pm ET May 22, 2023 (MarketWatch) Print

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of Block Inc. (SQ) advanced 3.36% to $60.62 Monday, on what proved to be an all-around mixed trading session for the stock market, with the NASDAQ Composite Index rising 0.50% to 12,720.78 and the Dow Jones Industrial Average falling 0.42% to 33,286.58.

Block Inc. closed $32.57 short of its 52-week high ($93.19), which the company reached on August 5th.

The stock outperformed some of its competitors Monday, as OneSoft Solutions Inc. remained unchanged.

Trading volume (11.1 M) remained 5.3 million below its 50-day average volume of 16.3 M.

Data source: Dow Jones Market Data, FactSet. Data compiled May 22, 2023.

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

May 22, 2023 17:25 ET (21:25 GMT)