Cielo SA
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Information Technology : IT Services | Mid Cap Value
Based in Brazil
Company profile

Cielo SA, formerly Companhia Brasileira de Meios de Pagamento, is a Brazil-based company that provides services related to credit cards and other payment methods. The Company's activities are divided into two business segments: Capturing and processing of transactions, which acquires and processes credit and debit card transactions and other means of payment, as well as offers accreditation of merchants and related services, and Management of payment accounts, which manages transactions related to credit and debit card usage. In addition, the Company offers rental, installation and maintenance of point of sale (POS) terminals and recharge of prepaid phones through POS, among others. It provides services to various credit and debit card issuers, such as Visa, MasterCard, American Express and Elo. The Company operates through a number of subsidiaries, including Servinet Servicos Ltda, Cielo USA Inc and Multidisplay Comercio e Servicos Tecnologicos SA, among others.

This security is an American depositary receipt
ADR Fees
American Depositary Receipt (ADR) Fee

ADR fees charged by custodial banks normally average from 1 to 3 cents per share. Other country fees might apply. To read more, see the Exception Fees tab at Brokerage Fees

Price
Delayed
$0.8437
Day's Change
-0.0113 (-1.32%)
Bid
--
Ask
--
B/A Size
--
Day's High
0.855
Day's Low
0.8436
Volume
(Heavy Day)

Today's volume of 918,662 shares is on pace to be much greater than CIOXY's 10-day average volume of 957,758 shares.

918,662

Behold, the 'WTF chart of the year'

12:29 pm ET March 19, 2020 (MarketWatch)
Print

By Shawn Langlois, MarketWatch

It wasn't too long ago -- like, about a month -- that Tesla was surging toward $1,000 a share in a move hailed as the "WTF chart of the year" by Wolf Richter of the Wolf Street blog.

"Tesla's market cap skyrocketed by 168% and by over $110 billion in about two months. Which was, of course, ludicrous," Richter wrote (https://wolfstreet.com/2020/03/18/tesla-the-wtf-chart-of-the-year/). "But what was even more ludicrous -- well, outright hilarious -- was the stuff that analysts and true-believers put out there rationalizing this spike, explaining with logical-sounding gobbledygook why this type of nutty price surge was normal and appropriate for Tesla, given that its CEO walks on water or whatever."

Fast forward to the coronavirus pandemic, and the chart is even more stunning:

"Tesla is now back where it had first been in June 2017," Richter wrote. "So this is my updated 'WTF chart of the year,' a phenomenal nearly symmetrical spike, similar to an old rusty railroad spike."

The stock, however, bounced back 16% in Thursday's market rebound, after Richter's wrote this post, but still, the whipsaw reversal in just a matter of month, is remarkable

"This type of near-perfect three-month spike that went down slightly faster than up, and where the value of a company exploded by 168% -- and by $110 billion -- and then collapsed, may be unique in U.S. history," he wrote, noting that penny stocks can make this kind of move, but those spikes don't create and lose $110 billion in market capitalization in just a few weeks.

Read:'This could cascade,' warns investor whose contrarian bet has him up 10% (http://www.marketwatch.com/story/this-could-cascade-investor-whose-contrarian-bet-has-him-up-10-as-coronavirus-rocks-stock-market-2020-03-11)

Richter added that he admires Musk for "snookering" investors into buying more than $2 billion in new shares, as noted in the chart, on the way down from the stock's peak.

"This kind of spike shows that the market overall had gone nuts, that reality would eventually exert itself again at least a tiny little bit, and that the whole house of cards was utterly ripe for an implosion," Richter wrote. "Even now, Tesla is still overvalued by a huge amount. And reality is still far away, but getting rid of that spike was a good first step in the right direction."

Tesla(TSLA)wasn't the only stock showing signs of life in Thursday's market. At last check, the Dow Jones Industrial Averagewas up more than 300 points, while both the S&P 500and Nasdaq Compositewere also higher.

Read:Musk says 'panic will cause more harm than the virus,' but he'll help out -- 'if needed' (http://www.marketwatch.com/story/elon-musk-says-the-panic-will-cause-more-harm-than-the-virus-but-hes-ready-to-help-out-if-needed-2020-03-19)

-Shawn Langlois; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

March 19, 2020 12:29 ET (16:29 GMT)

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