Payment Company Stone Struggles with Market Distrust after Shares Take 80% Tumble

Default, high interest rates and operational difficulties affected the acquirer's performance in recent months

Amid difficulties above those initially anticipated to explore new growth fronts in the credit area, the payment machine company Stone saw its shares undergo a sharp repricing during the past year. After reaching its all-time high of US$ 94.09 (R$ 517.98) in mid-February 2021, the shares of the company founded in 2012 by André Street and Eduardo Pontes have plummeted since then. As of December 31, shares on the US Nasdaq Stock Exchange, where the company went public in 2018, were trading at US$16.86 (R$92.81), a drop of 82.1%.

Among the main shares of means of payment companies traded on the United States Stock Exchanges, Stone was the one that suffered the biggest devaluation in 2021, about 79.9%. Prominent names within the niche on a global scale also closed last year with significant losses, but to a lesser extent.

Translated by Kiratiana Freelon

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