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0.48%
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Why is Nu Holdings Ltd (NU) Stock down?
We've noticed a 11.11% decline in Nu Holdings Ltd (NU) stock during the 2024-12-18 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
15 Nov, 2023:
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.
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