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StoneCo (STNE) Looks Good: Stock Adds 7.7% in Session

Zacks Equity Research

StoneCo Ltd. STNE was a big mover last session, as the company saw its shares rise nearly 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up 25.6% in the past one-month time frame.

The company's Zacks Consensus Estimate for the current quarter has moved higher over the past few weeks, suggesting that more solid trading could be ahead for StoneCo. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.

StoneCo currently has a Zacks Rank #2 (Buy) while its Earnings ESP is positive.

StoneCo Ltd. Price

StoneCo Ltd. Price | StoneCo Ltd. Quote

Investors interested in the Internet - Software industry may consider Alteryx, Inc. AYX, which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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