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Why Nu Holdings Stock Rocketed 8.8% Higher Monday

TheMotleyFool

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Why Nu Holdings Stock Rocketed 8.8% Higher Monday: https://g.foolcdn.com/editorial/images/707039/person-doing-digital-banking-on-their-phone.jpg

Nu Holdings (NYSE: NU) soared on Monday, finishing the day up 8.8% at $5.00 per share. The Brazil-based online bank had gained as much as 11.1% at about 2:24 p.m. ET. The stock price is down about 46% year to date.

It was one of the day's top performers as all of the major indexes were in negative territory with the Dow Jones Industrial Average down 127 points (-0.4%), the S&P 500 down 29 points (-0.7%), and the Nasdaq down 114 points (-1%).

Source Fool.com

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