PagSeguro (PAGS) Jumps 10.18% as Brazil Central Bank Likely to Pause Rate Hikes

We recently published These 10 Stocks are Stealing the Spotlight. PagSeguro Digital Ltd. (NYSE:PAGS) is one of the stocks that soared higher on Tuesday.

PagSeguro Digital rallied for a second day on Tuesday, adding 10.18 percent to close at $9.96 apiece as investor sentiment was likely buoyed by the Brazil central bank’s announcement that it would now pause from interest rate hikes after pulling the trigger for the 7th straight increase last week.

Last Wednesday, the central bank raised its benchmark rates by 15 percent or 0.25 basis points in an effort to curb inflation.

The rate, known as the Selic, is one of the highest in the world and is at its highest level since 2006.

The announcement to pause hikes next Monetary Board meeting bolstered sentiment for PagSeguro Digital Ltd. (NYSE:PAGS) on optimism that it would further buoy borrowing demand.

In recent news, PagSeguro Digital Ltd. (NYSE:PAGS) announced cash dividends worth $0.12 to shareholders as of record date June 16, 2025. The dividends are payable on August 15, 2025.

While we acknowledge the potential of PAGS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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