On September 1, Block, Inc. fell 5.18% in regular trading, trading at $77.71/share, with turnover of $308 million. The Transaction and Payment Processing Services sector where Block, Inc. belongs saw broad-based declines, with Affirm Holdings down 5.94%, FISERV INC down 3.22%, Visa down 1.85%, MasterCard down 1.34%, and PayPal down 0.58%.

On the news front, Block, Inc. announced a partnership with Nova Credit to distribute its Cash App Score to external lenders through Nova Credit's Cash Flow Intelligence Platform. The Cash App Score provides lenders with real-time financial signals including spending, saving, repayment behavior, paycheck deposits, and peer-to-peer activity. Despite this positive business development, the stock declined in line with broader sector weakness.

Notably, Ark Invest purchased $37.4 million worth of Block, Inc. shares on Monday when the stock was trading near $82.02. UBS previously maintained a buy rating with a $92 price target, stating Block's medium-term gross profit guidance remains achievable.

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