Block Inc. Stock Falls Thursday, Underperforms Market
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Shares of Block Inc. (SQ) slid 4.14% to $59.30 Thursday, on what proved to be an all-around mixed trading session for the stock market, with the NASDAQ Composite Index rising 1.71% to 12,698.09 and the Dow Jones Industrial Average falling 0.11% to 32,764.65.
The stock's fall snapped a three-day winning streak.
Block Inc. closed $33.89 below its 52-week high ($93.19), which the company reached on August 5th.
The stock underperformed when compared to some of its competitors Thursday, as OneSoft Solutions Inc. fell 0.27% to $0.37.
Trading volume (8.9 M) remained 7.2 million below its 50-day average volume of 16.1 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 25, 2023.
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May 25, 2023 17:25 ET (21:25 GMT)
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