StoneCo Stock News

StoneCo Ltd (NASDAQ: STNE) witnessed a significant decline in its stock price today, plummeting over 10% after Morgan Stanley downgraded the stock from Equal Weight to Underweight and slashed its price target to $7 from $16.50.

StoneCo stock has shown significant underperformance over the past quarters despite overall market strength. As I see it, StoneCo's Q2 results show impressive MSMB client growth, improved cost management, and potential for further buybacks to enhance shareholder value. I see that a recovery trend may have already started in July 2022. The nearest resistance target is now ~28% above the current ...

Adjusted net income was R$ 497 million, a 54% increase compared to the same period last year Adjusted EBT of R$ 652 million increased by 46% compared to the second quarter of 2023 Total Payment Volume (TPV) of SMEs had an annual growth of 25%, also considering PIX transactions SÃO PAULO, Aug. 15, 2024 /PRNewswire/ -- StoneCo Ltd. (Nasdaq: STNE, B3: STOC31) delivered a strong second quarter, mar...

StoneCo Ltd. (NASDAQ:STNE ) Q2 2024 Results Conference Call August 14, 2024 5:00 PM ET Company Participants Roberta Noronha - Head of IR Pedro Zinner - CEO Lia Matos - Chief Strategy Officer and Chief Marketing Officer Mateus Scherer - CFO and IR Officer Conference Call Participants Mario Pierry - Bank of America Eduardo Rosman - BTG Neha Agarwala - HSBC Tiago Binsfeld - Goldman Sachs Kaio Da P...

GEORGE TOWN, Grand Cayman, Aug. 14, 2024 (GLOBE NEWSWIRE) -- StoneCo Ltd. (Nasdaq: STNE, B3: STOC31) (“Stone” or the “Company”) today reports its financial results for its second quarter ended June 30, 2024.

Even with the stock market's impressive gains, there's no shortage of undervalued stocks if you know where to look. The recent correction has just scratched the surface of the tech sector.

GEORGE TOWN, Grand Cayman , July 31, 2024 /PRNewswire/ -- StoneCo Ltd. (Nasdaq: STNE, B3: STOC31) ("StoneCo" or the "Company") announces the expiration and final results of the tender offer and consent solicitation pursuant to the terms and subject to the conditions set forth in an offer to purchase and consent solicitation statement dated July 1, 2024 (the "Offer to Purchase and Consent Solici...

GEORGE TOWN, Cayman Islands, July 30, 2024 (GLOBE NEWSWIRE) -- StoneCo Ltd. (Nasdaq: STNE; B3: STOC31) (“Stone” or the “Company”) announces the release of its 2023 Sustainability Report, prepared based on indicators of the Global Reporting Initiative (GRI) and the Sustainability Accounting Standards Board (SASB). The Company also started reporting climate information according to the recommenda...