A gain of 143.89% in 2019 for shares of PagSeguro Digital Ltd. (PAGS) tells a story of a stock gaining alongside a high amount of unusual trading activity. It’s bullish activity because the shares are heading higher on increasing volumes, indicating that a buyer is involved.
This stock is interesting because the digital payments sector has been on fire. All you need to do is have a look at the stock performances of PayPal Holdings, Inc. (PYPL) and Square, Inc. (SQ) over the past few years to get an idea of the growth in payments. The point is that PagSeguro is a Brazilian disruptor company catching our attention.
Smart money managers are always looking to bet on the next outlier