Why Buffett-Owned StoneCo Stock Plunged 30% in April [The Motley Fool]
StoneCo Ltd. - Class A Common Share (STNE)
Company Research
Source: The Motley Fool
Why Buffett-Owned StoneCo Stock Plunged 30% in April Beth McKenna ( TMFMcKenna May 8, 09 at 8:AM What happened Shares of StoneCo NASDAQ:STNE Berkshire Hathway NYSE:BRK-A NYSE:BRK-B Global Market Intelligence 00 StoneCo stock is up 7.% in 09 through May 7, and up .9% from its late-October 08 initial public offering (IPO). Image source: Getty Images. So what We can attribute StoneCo stock's poor April performance to two main catalysts. The biggest one was the April 8 news that large Brazilian bank Itau Unibanco Holding SA NYSE:ITUB As my colleague Matt Frankel wrote The secondary catalyst, as I previously Now what Itau's move increases the competitive environment in which StoneCo operates, which could slow down StoneCo's growth unless it counters with some moves of its own. For the year, Wall Street is expecting StoneCo to grow revenue and earnings per share about % and 7%, respectively, year over year.
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STNE
News
- StoneCo Ltd. (NASDAQ: STNE) had its price target lowered by analysts at Barclays PLC from $13.00 to $12.00. They now have an "equal weight" rating on the stock.MarketBeat
- StoneCo Third Quarter 2024 Earnings: EPS Beats Expectations [Yahoo! Finance]Yahoo! Finance
- StoneCo Ltd. (NASDAQ: STNE) had its price target lowered by analysts at Susquehanna from $22.00 to $19.00. They now have a "positive" rating on the stock.MarketBeat
- Zacks.com featured highlights include StoneCo, Skechers, Pfizer and General Motors [Yahoo! Finance]Yahoo! Finance
- StoneCo (STNE) Q3 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
STNE
Earnings
- 11/12/24 - Beat
STNE
Sec Filings
- 11/12/24 - Form 6-K
- 11/12/24 - Form 6-K
- 9/20/24 - Form 6-K
- STNE's page on the SEC website