Blend Labs Down 9% After Reporting Higher Operational Loss For Q2

Blend Labs, Inc. (BLND) shares are down more than 9 percent on Friday morning trade, continuing a downtrend since it reported a higher operational loss yesterday.

The company reported a quarterly operational loss of $39.6 million, compared to operational loss of $20.8 million last year.

Currently, shares are at $17.89, down 9.56 percent from the previous close of $19.78. For the 52-week period, the shares have traded in a range of $16.05-$21.04 on average volume of 1,198, 628.

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