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?

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Source Fool.com