Pagseguro Digital ( (PAGS) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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PagSeguro Digital’s stock is experiencing significant movement due to pre-earnings anticipation, with options volume soaring to 5.2 times the usual level, heavily favoring calls over puts. The market expects a notable price shift of about 8.1%, a stark contrast to the typical 4.4% movement seen in recent quarters. This volatility has prompted analysts to downgrade PagBank to Neutral, with Citi and Grupo Santander expressing concerns over the company’s upcoming earnings and overall market conditions, indicating a cautious outlook on the company’s financial performance.
More about Pagseguro Digital
YTD Price Performance: 26.68%
Average Trading Volume: 5,422,158
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $2.72B
For further insights into PAGS stock on TipRanks’ Stock Analysis page.
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