StoneCo's stock surged 7.61% during intraday trading on Wednesday, driven by positive investor sentiment following the company's latest financial results.

The Brazilian fintech company reported fourth-quarter adjusted earnings per share that exceeded consensus estimates, according to its earnings release. This performance indicates stronger-than-expected profitability, leading to increased buying activity in the stock.

Market participants reacted favorably to the earnings surprise, pushing the share price higher as trading volume picked up during the session.