Block’s inventory has suffered in a ‘dismal’ fintech market. Can these new numbers change its course?
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The financial-technology sector has struggled to live up to its pandemic-era heyday, and that has meant some pain for Block investors recently.
Shares of Block
XYZ have lost 12% over the past three years, as the S&P 500 SPX has advanced 67%. They’ve also lost 71% over five years, while the S&P 500 has climbed 86%.