GEORGETOWN, Cayman Islands, Feb. 01, 2023 (GLOBE NEWSWIRE) -- StoneCo Ltd. (Nasdaq: STNE) (“Stone” or the “Company”) announces today that it has sold 16.8 million shares of Banco Inter, representing the totality of StoneCo's stake in the company. The shares were sold at a price of R$12.96, equivalent to R$218 million. The movement follows Stone’s goal to focus on the core operation of Financial Services and Software. During the second quarter of 2022 Stone had already announced a partial sale eq
If you were wondering what Buffett's second rule is, it's to remember the first rule. If you are willing to incorporate some above-average risk tolerance into your portfolio, read on for a look at two Buffett-backed stocks that have the potential to deliver explosive wins for risk-tolerant investors. With the company valued at more than $51 billion and trading at 25 times expected forward sales, Snowflake (NYSE: SNOW) is the most growth-dependent stock in the Berkshire Hathaway portfolio by some metrics.
Cathie Wood and Warren Buffett are two of the most well-known investors in the world, albeit for very different reasons. Buffett runs the large conglomerate Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) and has historically been a value investor, although he dabbles in a variety of investing strategies and in almost every industry. Wood, on the other hand, runs ARK Invest, which manages several exchange-traded funds (ETF) focused on growth stocks and is known for being a big-tech investor and a believer in crypto, as well.