StoneCo Plunges 26% in 3 Months: Should You Stay Away From the Stock?

StoneCo (STNE) shares have declined 26.1% over the trailing three months, underperforming the Zacks Computer & Technology sector’s return of 6.7% and the Zacks Internet - Software industry’s appreciation of 6.5%.STNE shares have lagged peers like Fortinet (FTNT) , Paylocity Holding (PCTY) and Smartsheet (SMAR) , which have appreciated 23.1%, 16.9% and 1.1%, respectively, over the same time frame.StoneCo's underperformance can be attributed to a decline in Total Payment Volume (TPV) within the key accounts s ...