{"id":21541,"date":"2023-09-23T04:13:52","date_gmt":"2023-09-23T04:13:52","guid":{"rendered":"https:\/\/microloannexus.com\/investing\/blocks-stock-falls-toward-longest-losing-streak-in-20-months\/"},"modified":"2023-09-23T04:14:02","modified_gmt":"2023-09-23T04:14:02","slug":"blocks-stock-falls-toward-longest-losing-streak-in-20-months","status":"publish","type":"post","link":"https:\/\/microloannexus.com\/?p=21541","title":{"rendered":"Block\u2019s stock falls toward longest losing streak in 20 months"},"content":{"rendered":"
\n

Block Inc. shares were headed for their longest losing streak in nearly 20 months Friday as the company prepares to undergo a management transition.<\/p>\n

Shares of the financial-technology company
\n SQ,
\n -1.99%<\/bg-quote>
\n were off 1.4% in Friday trading and on track to log their eighth session in a row of losses, which would make for the stock\u2019s longest losing streak since it dropped 11 days in a row during the stretch that ended Jan. 27, 2022, according to Dow Jones Market Data.<\/p>\n

\n

Block\u2019s stock has lost 17.2% over the current eight-session stretch. It was on pace for its lowest close since April 3, 2020.\u00a0<\/p>\n

While technology shares broadly have seen some pressure since Block\u2019s losing streak began, Block shares have sold off far more sharply.\u00a0<\/p>\n

Investors haven\u2019t given a positive reception to Block\u2019s announcement earlier this week that Alyssa Henry, a company veteran who heads the Square merchant business, plans to step down. Jack Dorsey, who leads all of Block, will assume her duties in addition to his own.<\/p>\n

Read: <\/strong>Block\u2019s stock has been a laggard lately. Will management shakeup provide a needed jolt?<\/p>\n

\u201cWhile the company is not making an explicit connection between the two, presumably Henry\u2019s departure is related to the recent sluggish performance of Square,\u201d SVB MoffettNathanson analyst Lisa Ellis wrote in a note to clients. <\/p>\n

She called Henry\u2019s planned exit \u201ca likely negative indicator for the health of the Square business,\u201d adding that \u201cit is difficult to interpret it otherwise.\u201d<\/p>\n

Ellis will be monitoring Dorsey\u2019s approach to the business, specifically whether the company improves its distribution model for larger merchants and its omnichannel tools that include online ordering. She\u2019ll also be watching to see if Square can continue to accelerate its international growth \u201cwhere the markets are more fragmented, but often less competitive,\u201d she said.<\/p>\n

Mizuho\u2019s Dan Dolev was more upbeat, writing that Dorsey \u201chas a rare zest of brilliance in building viral networks.\u201d <\/p>\n

He added: \u201cRenewed focus on the [point of sale] business \u2014 and less time on Bitcoin \u2014 can be a big long-term positive.\u201d <\/p>\n

Dolev had\u00a0downgraded Block\u2019s stock a year ago, expressing concern that the company was \u201cdisproportionately\u201d focused on its bitcoin efforts.<\/p>\n

Don\u2019t miss: <\/strong>Amazon illustrates one challenge for Zebra\u2019s stock, Morgan Stanley cautions<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Block Inc. shares were headed for their longest losing streak in nearly 20 months Friday as the company prepares to undergo a management transition. Shares of the financial-technology company SQ, -1.99% were off 1.4% in Friday trading and on track to log their eighth session in a row of losses, which would make for the<\/p>\n","protected":false},"author":1,"featured_media":21542,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[49],"tags":[],"class_list":{"0":"post-21541","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-investing"},"yoast_head":"\nBlock\u2019s stock falls toward longest losing streak in 20 months | Micro Loan Nexus<\/title>\n<meta name=\"description\" content=\"Block Inc. shares were headed for their longest losing streak in nearly 20 months Friday as the company prepares to undergo a management transition.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/microloannexus.com\/?p=21541\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Block\u2019s stock falls toward longest losing streak in 20 months | Micro Loan Nexus\" \/>\n<meta property=\"og:description\" content=\"Block Inc. shares were headed for their longest losing streak in nearly 20 months Friday as the company prepares to undergo a management transition.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/microloannexus.com\/?p=21541\" \/>\n<meta property=\"og:site_name\" content=\"Micro Loan Nexus\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-23T04:13:52+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-23T04:14:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/microloannexus.com\/wp-content\/uploads\/2023\/09\/1695442439_social.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"640\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/microloannexus.com\/?p=21541#article\",\"isPartOf\":{\"@id\":\"https:\/\/microloannexus.com\/?p=21541\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/microloannexus.com\/#\/schema\/person\/e2d3b62d35ac325be68540d68dc6660a\"},\"headline\":\"Block\u2019s stock falls toward longest losing streak in 20 months\",\"datePublished\":\"2023-09-23T04:13:52+00:00\",\"dateModified\":\"2023-09-23T04:14:02+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/microloannexus.com\/?p=21541\"},\"wordCount\":391,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/microloannexus.com\/#organization\"},\"articleSection\":[\"Investing\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/microloannexus.com\/?p=21541#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/microloannexus.com\/?p=21541\",\"url\":\"https:\/\/microloannexus.com\/?p=21541\",\"name\":\"Block\u2019s stock falls toward longest losing streak in 20 months | Micro Loan Nexus\",\"isPartOf\":{\"@id\":\"https:\/\/microloannexus.com\/#website\"},\"datePublished\":\"2023-09-23T04:13:52+00:00\",\"dateModified\":\"2023-09-23T04:14:02+00:00\",\"description\":\"Block Inc. shares were headed for their longest losing streak in nearly 20 months Friday as the company prepares to undergo a management transition.\",\"breadcrumb\":{\"@id\":\"https:\/\/microloannexus.com\/?p=21541#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/microloannexus.com\/?p=21541\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/microloannexus.com\/?p=21541#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/microloannexus.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Block\u2019s stock falls toward longest losing streak in 20 months\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/microloannexus.com\/#website\",\"url\":\"https:\/\/microloannexus.com\/\",\"name\":\"Solutions For Real\",\"description\":\"Latest Finance News and Updates\",\"publisher\":{\"@id\":\"https:\/\/microloannexus.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/microloannexus.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/microloannexus.com\/#organization\",\"name\":\"Solutions For Real\",\"url\":\"https:\/\/microloannexus.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/microloannexus.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/microloannexus.com\/wp-content\/uploads\/2023\/08\/sf-logo-1.png\",\"contentUrl\":\"https:\/\/microloannexus.com\/wp-content\/uploads\/2023\/08\/sf-logo-1.png\",\"width\":690,\"height\":64,\"caption\":\"Solutions For Real\"},\"image\":{\"@id\":\"https:\/\/microloannexus.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/microloannexus.com\/#\/schema\/person\/e2d3b62d35ac325be68540d68dc6660a\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/microloannexus.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/microloannexus.com\/wp-content\/uploads\/2023\/08\/avatar_user_1_1691264579-96x96.png\",\"contentUrl\":\"https:\/\/microloannexus.com\/wp-content\/uploads\/2023\/08\/avatar_user_1_1691264579-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/microloannexus.com\"],\"url\":\"https:\/\/microloannexus.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Block\u2019s stock falls toward longest losing streak in 20 months | Micro Loan Nexus","description":"Block Inc. shares were headed for their longest losing streak in nearly 20 months Friday as the company prepares to undergo a management transition.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/microloannexus.com\/?p=21541","og_locale":"en_US","og_type":"article","og_title":"Block\u2019s stock falls toward longest losing streak in 20 months | Micro Loan Nexus","og_description":"Block Inc. shares were headed for their longest losing streak in nearly 20 months Friday as the company prepares to undergo a management transition.","og_url":"https:\/\/microloannexus.com\/?p=21541","og_site_name":"Micro Loan Nexus","article_published_time":"2023-09-23T04:13:52+00:00","article_modified_time":"2023-09-23T04:14:02+00:00","og_image":[{"width":1280,"height":640,"url":"https:\/\/microloannexus.com\/wp-content\/uploads\/2023\/09\/1695442439_social.png","type":"image\/png"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/microloannexus.com\/?p=21541#article","isPartOf":{"@id":"https:\/\/microloannexus.com\/?p=21541"},"author":{"name":"News Room","@id":"https:\/\/microloannexus.com\/#\/schema\/person\/e2d3b62d35ac325be68540d68dc6660a"},"headline":"Block\u2019s stock falls toward longest losing streak in 20 months","datePublished":"2023-09-23T04:13:52+00:00","dateModified":"2023-09-23T04:14:02+00:00","mainEntityOfPage":{"@id":"https:\/\/microloannexus.com\/?p=21541"},"wordCount":391,"commentCount":0,"publisher":{"@id":"https:\/\/microloannexus.com\/#organization"},"articleSection":["Investing"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/microloannexus.com\/?p=21541#respond"]}]},{"@type":"WebPage","@id":"https:\/\/microloannexus.com\/?p=21541","url":"https:\/\/microloannexus.com\/?p=21541","name":"Block\u2019s stock falls toward longest losing streak in 20 months | Micro Loan Nexus","isPartOf":{"@id":"https:\/\/microloannexus.com\/#website"},"datePublished":"2023-09-23T04:13:52+00:00","dateModified":"2023-09-23T04:14:02+00:00","description":"Block Inc. shares were headed for their longest losing streak in nearly 20 months Friday as the company prepares to undergo a management transition.","breadcrumb":{"@id":"https:\/\/microloannexus.com\/?p=21541#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/microloannexus.com\/?p=21541"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/microloannexus.com\/?p=21541#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/microloannexus.com\/"},{"@type":"ListItem","position":2,"name":"Block\u2019s stock falls toward longest losing streak in 20 months"}]},{"@type":"WebSite","@id":"https:\/\/microloannexus.com\/#website","url":"https:\/\/microloannexus.com\/","name":"Solutions For Real","description":"Latest Finance News and Updates","publisher":{"@id":"https:\/\/microloannexus.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/microloannexus.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/microloannexus.com\/#organization","name":"Solutions For Real","url":"https:\/\/microloannexus.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/microloannexus.com\/#\/schema\/logo\/image\/","url":"https:\/\/microloannexus.com\/wp-content\/uploads\/2023\/08\/sf-logo-1.png","contentUrl":"https:\/\/microloannexus.com\/wp-content\/uploads\/2023\/08\/sf-logo-1.png","width":690,"height":64,"caption":"Solutions For Real"},"image":{"@id":"https:\/\/microloannexus.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/microloannexus.com\/#\/schema\/person\/e2d3b62d35ac325be68540d68dc6660a","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/microloannexus.com\/#\/schema\/person\/image\/","url":"https:\/\/microloannexus.com\/wp-content\/uploads\/2023\/08\/avatar_user_1_1691264579-96x96.png","contentUrl":"https:\/\/microloannexus.com\/wp-content\/uploads\/2023\/08\/avatar_user_1_1691264579-96x96.png","caption":"News Room"},"sameAs":["https:\/\/microloannexus.com"],"url":"https:\/\/microloannexus.com\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/microloannexus.com\/index.php?rest_route=\/wp\/v2\/posts\/21541","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/microloannexus.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/microloannexus.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/microloannexus.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/microloannexus.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21541"}],"version-history":[{"count":1,"href":"https:\/\/microloannexus.com\/index.php?rest_route=\/wp\/v2\/posts\/21541\/revisions"}],"predecessor-version":[{"id":21543,"href":"https:\/\/microloannexus.com\/index.php?rest_route=\/wp\/v2\/posts\/21541\/revisions\/21543"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/microloannexus.com\/index.php?rest_route=\/wp\/v2\/media\/21542"}],"wp:attachment":[{"href":"https:\/\/microloannexus.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21541"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/microloannexus.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21541"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/microloannexus.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21541"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}