Why Shares of DLocal Limited Are Skyrocketing Today
Management reported strong second-quarter earnings after the market closed yesterday, and shares of DLocal Limited (NASDAQ: DLO), an online-payments services provider that focuses on emerging markets, are soaring today. The Q2 2021 earnings report isn't the only catalyst for the stock's movement today, though; the rise is also a reflection of some positive attention from Wall Street.
As of 10:22 a.m. EDT, shares of DLocal are up 38.6% and had traded as high as $68.61, representing the stock's peak since it hit the public markets in early June.
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Source Fool.com