Stock News in Focus: StoneCo Ltd. (NASDAQ: STNE)

StoneCo Ltd. (NASDAQ: STNE) stock identified change of 90.83% away from 52-week low price and recently located move of -32.49% off 52-week high price. It has market worth of $8318.46M . STNE stock has been recorded 11.63% away from 50 day moving average and 14.17% away from 200 day moving average. Moving closer, we can see that shares have been trading 6.90% off 20-day moving average.

StoneCo Ltd. (NASDAQ: STNE) declaredthat pursuant to written resolutions of its Board of Directors dated June 27, 2019, Mr. Silvio José Morais was appointed to the Board of Directors, effective immediately, and at the same meeting, elected to the Audit Committee. Mr. Morais is independent under the applicable rules and regulations of the Securities and Exchange Commission (the “SEC”) and the listing standards of the Nasdaq Stock Market.

Prior to joining the board of directors of Stone, Mr. Morais served as Controller at Ambev S.A. from 1998 to 2019, where he was responsible for the Financial Reporting, Internal Controls, Pension Plan and Direct Tax functions. Between 1988 and 1998, he held various other positions at Ambev S.A. Between 2008 and 2019 he also served as an officer at IAPP – Instituto Ambev de Previdencia Privada, and has been a board member since March 2019. Mr. Morais is also a board member, a position he has held since 2017, and an executive director, a position he has held since 2018, of Fundação Antonio e Helena Zerrenner. Since May 2019 he is board member at Falconi Participações S.A., the entity which controls Falconi Consultoria, a consultant firm specialized in management. Additionally, between May 2018 and April 2019 he served as an alternate member of ITAUSA’s board of directors. Mr. Morais received a degree in business management at FACE-PR, a postgraduate degree in Finance at FAE Business School, and an MBA in Controllership from Fipecafi – USP.

With Mr. Morais’s appointment, Stone’s current Board members are Mr. André Street, Mr. Eduardo Cunha Monnerat Solon de Pontes and Mr. Thomas A. Patterson and the independent members Mr. Ali Mazanderani, Mr. Roberto Moses Thompson Motta and Mr. Morais (“Independent Members”). The Audit Committee consists of three members, namely the Independent Members, who satisfy the criteria of audit committee financial expert as set forth under the applicable rules of the SEC.

 The Technology sector company, StoneCo Ltd. noticed change of 5.55% to $30.8 along volume of 3217268 shares in recent session compared to an average volume of 3150.11K. The stock observed return of 6.65% in 5 days trading activity. The stock was at 15.66% over one month performance. STNE’s shares are at -18.45% for the quarter and is now at 67.03% since this point in 2018. 

 The average volatility for the week at 4.34% and for month was at 4.21%. There are 270.08M shares outstanding and 111.85M shares are floated in market. 

Leave a Reply

Your email address will not be published. Required fields are marked *