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Why DLocal Stock Got Thrashed on Thursday


Fintech stock DLocal (NASDAQ: DLO) wasn't a good place to park anyone's money on Thursday. On news of a large chunk of shares being sold by an institutional investor, the company's stock dived by nearly 8%. The benchmark S 500 index fared much better, closing the day almost 1% higher.

Before market open, DLocal announced that one of its major shareholders is launching a secondary offering of its Class A common stock. An unnamed entity associated with a business called General Atlantic will offer 15 million such shares at a price of $12.75 apiece. That level is well below DLocal's Wednesday closing price, hence the subsequent investor sell-off.

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Source Fool.com

Atlantic Petroleum Dk100 Stock

€0.28
-1.410%
A loss of -1.410% shows a downward development for Atlantic Petroleum Dk100.

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