Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why StoneCo Stock Was Flying Higher on Wednesday

TheMotleyFool

0 0

Why StoneCo Stock Was Flying Higher on Wednesday

Shares of Brazilian fintech company StoneCo (NASDAQ: STNE) were flying higher on Wednesday after the company reported results for the first quarter of 2020. Shares were up 28% early, but were still trading 19% higher as of 11:20 a.m. EDT.

While StoneCo has been negatively impacted by the COVID-19 pandemic, the company showed that business is already well along the path toward recovery.