Off goes STNE. The stock jumped up today. The primary reasons:

Shares of Stoneco Ltd Cl A (STNE) are trading 8% higher at a price of $10.21 at the time of this writing.

Susquehanna analyst James Friedman conveyed concerns about Stoneco's TON business and churn from key accounts
Friedman still expects strong growth in revenue and adjusted EBIT through 2022 given its "conviction in sequentially improving profitability, despite continued interest rate headwinds"
Friedman lowered his 2023 revenue estimate to R$10.7B from R$10.9B, compared with consensus estimates of R$10.8B.

Stoneco Ltd Cl A has been trading between a 52-week high of $58.82 and a 52-week low of $6.81. The stock has a market cap of $2.72 Billion.

Stone is a leading provider of financial technology solutions that empower merchants and integrated partners to conduct electronic commerce seamlessly across in-store, online, and mobile channels. Stone has developed a deep client-centric culture that seeks to delight our clients rather than to simply provide them with a solution or service. Stone serves clients of all sizes and types that transact online, offline or have an omni-channel sales approach.

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Off goes STNE. The stock jumped up today. The primary reasons:

Headlines

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