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Why PagSeguro Stock Sank 19.9% in October

TheMotleyFool

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Why PagSeguro Stock Sank 19.9% in October

Shares of PagSeguro (NYSE: PAGS) slumped 19.9% in October, according to data from S&P Global Market Intelligence. The Brazilian payment-technology stock fell after the company published preliminary third-quarter earnings results on Oct. 15 that were paired with news that its parent company Universo Online would conduct another share offering for the subsidiary.