Get all your news in one place.
100's of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Melanie Schaffer

MYSTERIOUS: Block stock slides through key support but here s why a bounce looks imminent - What They Never Told You

Block Inc (NYSE:SQ) was sliding more than 6% lower on Friday after breaking through an important psychological support zone at the $100 level.

The financial services and digital payments company has been severely beaten down since reaching an all-time high of $289.23 on Aug. 5, 2020, plummeting more than 65%. The stock is affected by both the general markets and the cryptocurrency sector due to its business model, which includes CashApp, a mobile payment service and stock and Bitcoin (CRYPTO: BTC) trading platform.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.