Nu Holdings Ltd (NU)

Shares of Nu Holdings Inc. (NU) dropped by 7.47% from $8.83 to $8.17 in the trading on Wednesday, Novemeber 15, 2023. The reason why NU is down today is due to an overreaction by market investors. Despite a strong Q3 performance, with impressive revenue growth (64% YoY) and increased net income ($303 million), Nu's stock faced negative market sentiment. Some analysts raised price targets for Nu stock, indicating a disconnect between Wall Street and the stock market. However, an increase in nonperforming loans likely contributed to the stock's decline. The market's response suggests mixed sentiments, with potential investment opportunities amid uncertainty about Nu's future performance.