Block Inc. Stock Falls Friday, Underperforms Market
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Shares of Block Inc. (SQ) shed 0.51% to $59.00 Friday, on what proved to be an all-around favorable trading session for the stock market, with the NASDAQ Composite Index rising 2.19% to 12,975.69 and the Dow Jones Industrial Average rising 1.00% to 33,093.34.
This was the stock's second consecutive day of losses.
Block Inc. closed $34.19 short of its 52-week high ($93.19), which the company achieved on August 5th.
The stock underperformed when compared to some of its competitors Friday, as OneSoft Solutions Inc. fell 0.27% to $0.37.
Trading volume (10.1 M) remained 6.0 million below its 50-day average volume of 16.1 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 26, 2023.
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May 26, 2023 17:25 ET (21:25 GMT)
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