Shares of Stoneco Ltd Cl A (STNE) are trading -21% lower at a price of $9.2 at the time of this writing. The stock's price action is faltering behind it's peers on what is quickly becoming a slightly glum day for the Information Technology sector.

The price move is likely due to the company reporting earnings:

Stoneco Ltd Cl A has been trading between a 52-week high of $55.3 and a 52-week low of $6.81. The stock has a market cap of $2.45 Billion.

Stone is a leading provider of financial technology solutions that empower merchants and integrated partners to conduct electronic commerce seamlessly across in-store, online, and mobile channels. Stone has developed a deep client-centric culture that seeks to delight our clients rather than to simply provide them with a solution or service. Stone serves clients of all sizes and types that transact online, offline or have an omni-channel sales approach.

StoneCo sees Q3 revenue and income, adjusted earnings exceeding Q2 levels (NASDAQ:STNE)
Seeking Alpha 08-18-22

StoneCo Reports Second Quarter 2022 Results
GlobeNewswire 08-18-22

StoneCo Q2 2022 Earnings Preview (NASDAQ:STNE)
Seeking Alpha 08-17-22

Such Is The Power Of StoneCo Ltd. (NASDAQ: STNE)
Stocks Register 08-16-22

Top 5 2nd Quarter Trades of Kora Management LP
GuruFocus 08-16-22


As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:

sc0tt_1990 - 2 upvotes - source
> STNE it's down 6% on earnings AH?

Intelligent_Movie425 - 1 upvotes - source
guys what are your thoughts about $STNE

StophJS - 1 upvotes - source
Where are STNE earnings

Plenty-Point4351 - 1 upvotes - source
I chose STNE instead smfh

StophJS - 1 upvotes - source
STNE beat with strong guidance with basically zero reaction from the market? Huh?

StophJS - 1 upvotes - source
Christ wtf just happened to STNE

ando421 - 0 upvotes - source
$STNE calls $SNAP calls $GUSH calls

StophJS - 0 upvotes - source
Guess I'm holding STNE overnight and hoping higher volume brings higher price.

Plenty-Point4351 - -5 upvotes - source
🚨🚀MAJOR BAG 🚨🚀 STNE JUST BEAT EARNINGS BY 275% YOY!!! It’s a fintech that costs 11:30 per share. Imagine getting in the next sq before everyone else😭🤤🤤