Block Inc. Stock Outperforms Market On Strong Trading Day
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Shares of Block Inc. (SQ) rose 1.55% to $61.56 Tuesday, on what proved to be an all-around rough trading session for the stock market, with the NASDAQ Composite Index falling 1.26% to 12,560.25 and Dow Jones Industrial Average falling 0.69% to 33,055.51.
This was the stock's second consecutive day of gains.
Block Inc. closed $31.63 short of its 52-week high ($93.19), which the company achieved on August 5th.
The stock outperformed some of its competitors Tuesday, as OneSoft Solutions Inc. fell 3.67% to $0.37.
Trading volume (12.7 M) remained 3.5 million below its 50-day average volume of 16.2 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 23, 2023.
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May 23, 2023 17:25 ET (21:25 GMT)
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