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Should Investors Buy StoneCo Stock on the Dip?

By Parkev Tatevosian, CFA – Aug 22, 2023 at 6:15AM

StoneCo's stock price dipped after the company announced second-quarter earnings results.

Fool.com contributor Parkev Tatevosian reviews StoneCo's (STNE 1.17%) latest financial figures and updates his recommendation on StoneCo stock.

*Stock prices used were the afternoon prices of Aug. 18, 2023. The video was published on Aug. 20, 2023.

About the Author

Parkev Tatevosian, CFA
A Fool since 2019, and a graduate of Cal State LA with a B.S. in Finance and M.A. in Economics. Parkev is an adjunct professor of Finance and enjoys reading about financial and economic history. You'll often find him writing about stocks in the consumer goods and technology sectors.
TMFParkev
X@TMFParkev

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends StoneCo. The Motley Fool has a disclosure policy.

Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.

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