The Fool owns shares of StoneCO. Some developments in the stock this week:
- On June 16, 2021, the Brazilian Antitrust Authority approved the business combination between Stone and Linx. Linx is a leading provider of retail management software in Brazil, which will provide Stone's solutions to Brazilian merchants.
- StoneCo has strong fundamentals when you look at its TTM. The company has profitable earnings and more cash and short-term investment than debt.