Management's first response to the announcement was to assure investors that this was only a small part of a large strategy with many revenue streams, and that "BCB efforts to promote competition is seen by PAGS as an opportunity." That did give a temporary lift to PagSeguro stock, but it got slammed again in November due to broader market fears about inflation and the omicron variant. What happened Shares of Brazilian digital payments company PagSeguro Digital (NYSE: PAGS) plunged 30% in November, according to data provided by S&P Global Market Intelligence.