Shares of digital payments and fintech company StoneCo (NASDAQ: STNE) fell 12.3% in the month of July. The company was finalizing its acquisition of fellow Brazilian digital financial services company Linx during the month and issued new shares to help partially finance the deal, but the decline in stock price can primarily be chalked up to macroeconomic factors. Businesses are hiring again, and as economic activity rallies, inflation is also going up. Read More...
Motley Fool
Why Shares of Zoom Video Spiked Today
Shares of Zoom Video Communications (NASDAQ: ZM) were rising today on seemingly no company-related news. The maker of the popular video-calling app, Zoom, saw its share price jump today, likely because some investors are concerned that rising COVID-19 cases caused by the delta variant are bringing more restrictions. Zoom’s app became the go-to service for communicating with friends, family, and colleagues during strict lockdowns and social distancing last year, and that helped drive up Zoom’s share price in 2020.
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