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Why StoneCo Stock Was Up and Down Today

TheMotleyFool

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It was a volatile day for shares of Brazilian payments company StoneCo (NASDAQ: STNE). After starting the day 6% higher, the stock temporarily plummeted into negative territory. As of 2 p.m. EDT on Tuesday, it was only up 1%.

Investors are understandably conflicted. Encouraging economic data is countered by fears of a second coronavirus wave. Not to mention, StoneCo's promising addressable market just gained a new competitor with very deep pockets.

Image source: Getty Images.

Source Fool.com

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