StoneCo: The More It Rallies, The More I Buy [Seeking Alpha]
StoneCo Ltd. - Class A Common Share (STNE)
Company Research
Source: Seeking Alpha
SummaryStoneCo has rallied by more than 230% since our first bullish article.The company's business model proved once again resilient and well-positioned to capitalize on the opportunities that arose due to the pandemic, delivering massive growth, once again.The stock's expected returns remain attractive despite the prolonged rally. Hence, I will continue adding to my position despite shares rallying higher.Some contextIf you have been reading articles here on for some time, you may have stumbled upon investing ideas titled as "The more it falls, the more I buy," or something of a similar nature. Stocks can decline for various reasons, not always related to bad news or weak performance. Hence, investors may double down on such discounts, adding to their positions as their favorite equities gradually become cheaper.However, there is another scenario. That is, one keeps on buying a stock despite shares rallying higher by the day. This is the case with StoneCo (STNEI initially published
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STNE
News
- StoneCo Ltd. (STNE) Ascends But Remains Behind Market: Some Facts to Note [Yahoo! Finance]Yahoo! Finance
- Is It Too Late to Buy StoneCo Ltd. Stock? [Yahoo! Finance]Yahoo! Finance
- The Good, The Bad, And The Misunderstood: StoneCo Is A Strong Buy [Seeking Alpha]Seeking Alpha
- StoneCo Ltd. (NASDAQ: STNE) had its price target raised by analysts at Citigroup Inc. from $19.00 to $20.00. They now have a "buy" rating on the stock.MarketBeat
- StoneCo Full Year 2023 Earnings: EPS Beats Expectations [Yahoo! Finance]Yahoo! Finance
STNE
Earnings
- 3/18/24 - Beat
STNE
Sec Filings
- 3/21/24 - Form 6-K
- 3/18/24 - Form 6-K
- 3/18/24 - Form 6-K
- STNE's page on the SEC website