PagSeguro (PAGS) Soars to Fresh Peak as Firm Hints at ‘Strategic Update’

We recently published 10 Hot Stocks Investors Are Buying, 5 Break Fresh Records. PagSeguro Digital Ltd. (NYSE:PAGS) is one of the best performers on Tuesday.

PagSeguro saw its share prices soar to a fresh high on Tuesday as investors repositioned portfolios ahead of the company’s strategic update call held after market close.

During the session, PagSeguro Digital Ltd. (NYSE:PAGS) hit a new 52-week high of $10.78 before trimming gains to end the day just up by 10.72 percent at $10.74 apiece.

PagSeguro (PAGS) Soars to Fresh Peak as Firm Hints at 'Strategic Update'

Pachai Leknettip/Shutterstock.com

Updates on the investor call are expected to be announced as early as Wednesday, September 17.

In other developments, PagSeguro Digital Ltd. (NYSE:PAGS) announced the distribution of $0.12 worth of special cash dividends to investors as of October 6. The dividend is set to be paid on November 3, 2025.

As previously announced, PagSeguro Digital Ltd. (NYSE:PAGS) said it expects to make one more special distribution of cash dividends in the same amount of $0.12 per common share within the next two quarters, subject, among other factors, to market and company financial conditions.

Any future declaration of dividends and the amount thereof will be at the discretion of the company’s board of directors.

While we acknowledge the risk and potential of PAGS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than PAGS and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.