Why Nu Holdings' Stock Price Dropped 36.6% in May
Nu Holdings (NYSE: NU) had a rough month as its stock price plummeted 36.6% in May, according to S&P Global Market Intelligence.
The Brazil-based digital bank was well off the pace of the S&P 500, which was essentially flat in May, up 0.2%, and the Nasdaq Composite, which fell 1.9% last month. Nu's stock price is down about 52% year to date, trading at around $4 per share.
Source Fool.com