Shan Ahmed Khan

Shan Ahmed Khan is a senior markets reporter at TS2.tech, specializing in stocks, technology and macroeconomic trends. A graduate of the Lahore University of Management Sciences (LUMS), he previously worked in investment research and market analysis. His coverage helps readers understand the key developments influencing global financial markets and emerging industries.

Telecom Argentina (TEO) stock jumps on Banco Macro’s $75 million Personal Pay deal

Telecom Argentina (TEO) stock jumps on Banco Macro’s $75 million Personal Pay deal

Telecom Argentina S.A.'s U.S.-listed ADRs, which track the company's Argentine shares, jumped 11.7% to $12.57 Thursday afternoon.The surge came after a filing revealed Banco Macro plans to invest the peso equivalent of $75 million in Micro Sistemas, the operator behind its Personal Pay digital wallet, in exchange for a 50% stake—pending antitrust approval.The stock hit $12.91, with trading volume running more than twice its three-month average. Year to date, it’s gained roughly 9%.
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AI PORTFOLIO

Top Stock Picks

Today’s highest-ranked model selections.

#1 STRONG BUY

Xylem

NYSE: XYL 94 / 100
#2 STRONG BUY

AerCap

NYSE: AER 92 / 100
#3 BUY ON WEAKNESS

Visa

NYSE: V 90 / 100
#4 BUY

Chevron

NYSE: CVX 86 / 100
#5 ACCUMULATE

UPS

NYSE: UPS 84 / 100
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Editorial model selection. Not personalised advice.