Why Nu Holdings Stock Was Rising on Thursday
The share price of Nu Holdings (NYSE: NU) was moving higher Thursday morning, up as much as 7% at about 10:19 a.m. ET. By approximately 12:20 p.m. ET it was only up about 0.7% to $5.46 per share.
Meanwhile, all of the major indexes were down, with the Dow Jones Industrial Average down 0.5%, the S&P 500 down 1%, and the Nasdaq 1.3% lower as of 12:20 p.m. ET.
What drove the Brazil-based digital bank higher on Thursday?
Source Fool.com
