Why PagSeguro Digital Stock Soared Today
Pagbank (NYSE:PAGS) , the Brazilian fintech stock and digital bank, flew higher Monday morning, soaring 21.7% through 11:50 a.m. ET. You can thank the voters of Brazil for that. Brazil wrapped up its first round of voting for a new President Sunday night. With 98% of votes counted, conservative candidate Flávio Bolsonaro -- son of the former President Jair Bolsonaro and a Brazilian senator in his own right -- won 47.3% of the vote to incumbent President Luiz Inácio Lula da Silva's 44.8%. Continue reading