STNE backed by Buffett, names executive from JPMorgan Chase

STNE StoneCo is a Brazilian payment-technology firm backed by Warren Buffett’s Berkshire Hathaway.

STNE is down 90% from the peak they hit in February 2021.

After another earnings miss, StoneCo named new senior managers one of them being the head of treasury, Diego Salgado, a former JPMorgan Chase & Co. director for Latin America debt capital markets.

My take profit area is between 15.60 and 19 usd.