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Why Did StoneCo Stock Crash Today?

TheMotleyFool 
0 0 03.03.26
Why Did StoneCo Stock Crash Today?Photo, wide shot, wide-angle lens, soft focus, IT consulting firm, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Sebastião Salgado: https://oaidalleapiprodscus.blob.core.windows.net/private/org-IbuNdCATsFaPOITjFOv2kJh3/user-AXaxqjBUW45D8BadJEo9mUpW/img-uhXP0RHYYxDepjmHeSp1K8bF.png?st=2023-05-07T15%3A26%3A44Z&se=2023-05-07T17%3A26%3A44Z&sp=r&sv=2021-08-06&sr=b&rscd=inline&rsct=image/png&skoid=6aaadede-4fb3-4698-a8f6-684d7786b067&sktid=a48cca56-e6da-484e-a814-9c849652bcb3&skt=2023-05-07T16%3A18%3A55Z&ske=2023-05-08T16%3A18%3A55Z&sks=b&skv=2021-08-06&sig=4pcJOd8aEI1799liUV13F4ElqO7e4RZy8sa1PEeeNZA%3D
 

Brazilian e-commerce software company StoneCo (NASDAQ: STNE) stock got crushed like chalk after reporting Q4 earnings last night, despite beating analyst forecasts. StoneCo was expected to earn 2.65 Brazilian reais (R$) per share in Q4, according to Yahoo! Finance, but actually earned R$2.84.

Nevertheless, as of 11:10 a.m. ET Tuesday, StoneCo stock is down 18.7%.

Image source: Getty Images.

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Source Fool.com

StoneCo Ltd Stock

€8.25
-6.800%
Heavy losses for StoneCo Ltd today as the stock fell by -€0.604 (-6.800%).
With 12 Buy predictions and not the single Sell prediction the community is currently very high on StoneCo Ltd.
As a result the target price of 16 € shows a very positive potential of 93.89% compared to the current price of 8.25 € for StoneCo Ltd.
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