Here's Why StoneCo Ltd. (STNE) Gained But Lagged the Market Today

StoneCo Ltd. (STNE) closed at $16.50 in the latest trading session, marking a +1.66% move from the prior day. This change lagged the S&P 500's 2.11% gain on the day. Elsewhere, the Dow gained 1.18%, while the tech-heavy Nasdaq added 2.96%.Shares of the company witnessed a loss of 6.56% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 1.69% and the S&P 500's gain of 3.08%.Investors will be eagerly watching for the performance of StoneCo Ltd. in its upco ...