Why Nu Holdings Stock Was Up Monday
Nu Holdings (NYSE: NU) was surging higher on Monday, up as much as 8% just before noon ET. As of 2:30 p.m., the stock price was still up about 7.2%, trading at $4.41 per share. The fintech is down roughly 53% year to date.
The major indexes were all up on Monday, as the Nasdaq was up 3.3%, and the S&P 500 was up 2.6%, while the Dow Jones Industrial Average was up over 540 points, or 1.8%, as of 2:30 p.m. ET.
Nu Holdings is the holding company for Nubank, a digital bank that primarily serves Brazil. It has also branched out into Mexico and Colombia and has been building market share in those countries as well.
Source Fool.com
