Brazil's StoneCo jumps after announcing new share repurchase program

StoneCo

22/11/2024 18:38

** Shares of Brazilian payments firm StoneCo  STNE.O  jump
12.2% to $10.41 in afternoon trading
    ** STNE, on Thursday, authorized a share repurchase program
of up to 2 billion reais ($343.9 mln), which does not have fixed
expiration date
    ** Repurchases may be made from time to time through open
market transactions, block trades, and privately negotiated
transactions
    ** As of last close, STNE down 48.6% YTD
    
($1 = 5.8156 reais)

 (Reporting by Arasu Kannagi Basil in Bengaluru)
 ((ArasuKannagi.Basil@thomsonreuters.com;))