Why PagSeguro Digital Stock Plummeted 30% in November

Shares of Brazilian digital payments company PagSeguro Digital (NYSE: PAGS) plunged 30% in November, according to data provided by S&P Global Market Intelligence. The company released solid third-quarter earnings in November, but it followed a month with bad news for investors, and general market volatility specifically targeted financial stocks.

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PagSeguro is a Brazil-based digital payments company similar to PayPal Holdings. Its services run the gamut of digital finance, including merchant accounts and point-of-sale devices, peer-to-peer payments, prepaid debit cards, and digital bank accounts.

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Source Fool.com