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Why StoneCo Stock Rose 22% in June

TheMotleyFool

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Shares of Brazilian digital-payments company StoneCo (NASDAQ: STNE) rose 22.3% in June, according to data provided by S&P Global Market Intelligence. The company didn't report anything during the month. But Brazil's economy continues to reopen, crucially for StoneCo's business.

Helped by June's strong return, StoneCo stock has returned to where it started 2020, marginally beating the S&P 500.