Why StoneCo Stock Was Up on Tuesday

Shares of Brazilian payments company StoneCo (NASDAQ: STNE) traded higher on Tuesday, and there wasn't any clear reason why. There weren't any press releases or prominent analyst calls. Nevertheless, the stock was up 4.7% for the day.

If anything, investors should have been more apprehensive than anything with StoneCo stock. That's because Brazil just passed the grim milestone of 50,000 deaths from the COVID-19 pandemic.

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Source Fool.com