Shares of Square Inc. (SQ) were rising in post market trading Thursday after the company named a new chief financial officer, on an otherwise rough day for the stock.
The stock rose more than 1% after hours to $53 a share. It ended regular trading hours on Thursday down 8.36% to $52.42, as part of a broader selloff in equities led by Apple's (AAPL) decline following a surprise revenue warning for its December quarter.
After hours on Thursday, Square named Amrita Ahuja as its new CFO. Ahuja had previously been the CFO of Blizzard Entertainment, a division of Activision Blizzard, Inc. (ATVI) Square's previous CFO, Sarah Friar, announced she was leaving the company in October to take the CEO post at Nextdoor. Square's stock has fallen about 30% since the well-regarded Friar left.
"Amrita brings the ability to consider and balance opportunities across our entire business, and she will help strengthen our discipline as we invest, build and scale," said Square CEO Jack Dorsey in a press release.
Square's stock hit an all time high of $99 a share in late September when the U.S. market and tech stocks were roaring.