StoneCo stock falls after Q3 results hurt by investments, fair value adjustment

Nov. 16, 2021 4:36 PM ETStoneCo Ltd. (STNE)By: Liz Kiesche, SA News Editor78 Comments
  • StoneCo (NASDAQ:STNE) stock drops 6.7% in after-hours trading after the Brazilian fintech's bottom line reflected increased investments in its operations and a fair value adjustment on equity securities.
  • "As we indicated in the beginning of the year, we significantly increased the level of

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