Why Did StoneCo Stock Crash Today?
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%.
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Source Fool.com
StoneCo Ltd Stock
€8.25
-6.800%
StoneCo Ltd is currently one of the favorites of our community with 12 Buy predictions and no Sell predictions.
With a target price of 16 € there is a hugely positive potential of 93.89% for StoneCo Ltd compared to the current price of 8.25 €.
