Berkshire-Backed StoneCo Issues a Bullish Outlook. The Stock Is Soaring.

Text size Dreamstime Shares of Brazilian payment processor StoneCo were skyrocketing Friday after Citi upgraded the stock, citing an attractive valuation and the company’s strong outlook for the first...

StoneCo Is Soaring Friday: Here’s How I’d Play the Stock

StoneCo Ltd. (STNE) has been in a downtrend since February 2021. The share price of this Cayman Islands-based financial technology solutions company operating in Brazil has slumped from over $90 to al...