Brazil First-Round Presidential Election Results and StoneCo Stock Surge
STNE StoneCo Ltd
$11.62 +0.69%
View chart & analysis → - 1As of 10:50 AM ET on Monday, StoneCo stock rose 24.8%.
- 2With 98% of the first-round votes counted, Flavio Bolsonaro received 47.3% of the vote.
- 3With 98% of the first-round votes counted, Luiz Inácio Lula da Silva received 44.8% of the vote.
So what's the key point?
Candidate Bolsonaro received 47.3% in the first round of the Brazilian presidential election. Following this news, StoneCo stock rose 24.8%.
Source The Motley Fool +1 · View original ↗
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