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Why StoneCo Stock Soared 116.3% in 2019

TheMotleyFool

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Shares of StoneCo (NASDAQ: STNE) climbed 116.3% in 2019, according to data from S&P Global Market Intelligence. The Brazilian payment-processing company's stock posted dramatic growth early in the year as it benefited from market momentum and glowing analyst coverage and then got a huge boost thanks to better-than-expected fourth-quarter 2018 results and forward guidance.