As this happened, Morgan Stanley downgraded its StoneCo Ltd [STNE] rating to an Underweight from a an Equal-weight in a research note published on September 05, 2024; the price target was decreased to $7 from $16.50. A number of analysts have revised their coverage, including UBS’s analysts, who increased its forecast for the stock in early July from “a Neutral” to “a Buy”. JP Morgan also remained covering STNE and has increased its forecast on June 06, 2024 with a “an Overweight” recommendation from previously “Neutral” rating. UBS revised its rating on February 01, 2024. It rated STNE as “a Neutral” which previously was an “a Buy”.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Price Performance Review of STNE
On Tuesday, StoneCo Ltd [NASDAQ:STNE] saw its stock fall -0.65% to $12.31. Over the last five days, the stock has gained 9.03%. StoneCo Ltd shares have fallen nearly -31.72% since the year began. Nevertheless, the stocks have risen 8.36% over the past one year. While a 52-week high of $19.46 was reached on 02/09/24, a 52-week low of $9.34 was recorded on 09/05/24. SMA at 50 days reached $13.05, while 200 days put it at $15.23.
Levels Of Support And Resistance For STNE Stock
The 24-hour chart illustrates a support level at 12.17, which if violated will result in even more drops to 12.04. On the upside, there is a resistance level at 12.48. A further resistance level may holdings at 12.66. The Relative Strength Index (RSI) on the 14-day chart is 45.53, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.06, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 49.21%. Stochastics %K at 45.75% indicates the stock is a holding.
How much short interest is there in StoneCo Ltd?
A steep rise in short interest was recorded in StoneCo Ltd stocks on 2024-08-30, dropping by -1.78 million shares to a total of 12.26 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 14.04 million shares. There was a decline of -14.55%, which implies that there is a negative sentiment for the stock.
