Why Shares of StoneCo Fell 12.3% in July

·2-min read
Why Shares of StoneCo Fell 12.3% in July

Shares of digital payments and fintech company StoneCo (NASDAQ: STNE) fell 12.3% in the month of July. The company was finalizing its acquisition of fellow Brazilian digital financial services company Linx during the month and issued new shares to help partially finance the deal, but the decline in stock price can primarily be chalked up to macroeconomic factors. Businesses are hiring again, and as economic activity rallies, inflation is also going up.

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