Why Block Stock Took a Hit on Monday
On a down day for the market, shares of fintech company Block (NYSE: SQ) performed worse than many other stocks. They closed the day 1.6% lower, in contrast to the essentially flat performance of the S&P 500 index, on news of a pair of departures from the boardroom.
Before market open, Block announced that two members of its board of directors will not stand for reelection at the company's upcoming annual general meeting (AGM). The pair are David Viniar, a former chief financial officer and executive vice president of investment bank Goldman Sachs, and Anna Patterson, who founded and serves as managing partner at Alphabet unit Gradient Ventures.
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Source Fool.com
