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Why StoneCo Stock Jumped 20.1% in May

TheMotleyFool

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Shares of StoneCo (NASDAQ: STNE) rose 20.1% in May, according to data from S&P Global Market Intelligence. The stock faced pressure through much of the month due to the spread of the novel coronavirus in Brazil and that country's weakening currency. The company's valuation, though, got a big boost at the end of the month thanks to better-than-expected first-quarter results.