Block (NYSE: XYZ, Formerly SQ) Stock Slides Despite Strong Black Friday Data: Latest News, Forecasts & 2025–2028 Outlook (2 December 2025)
Block, Inc. shares fell 6.6% to close at $60.11 on December 2, 2025, despite reporting record Black Friday–Cyber Monday volumes. The company processed over 124 million transactions, up 10% year-over-year, but trading volume surged to 20.7 million shares, nearly triple the 30-day average. Block’s market cap stands at about $39 billion, well below its 52-week high.