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Nu Holdings Stock Moves in Early Trading as Buyback Lifts Shares, Credit-Cost Concerns Remain
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Nu Shares Drop, $1 Billion Buyback Doesn't Ease Market
Nu Holdings shares slid 3.1% to $11.60 as investors weighed CFO transition risks and rising credit costs, erasing last week’s 4.1% buyback-driven bounce; BofA downgraded the stock to Underperform with a $10 target, citing uncertainty from Lago’s exit, while Nu’s $1B buyback failed to stem a 10.7% weekly drop and 30.7% year-to-date decline, leaving shares just above their 52-week low. The post Nu Shares Drop, $1 Billion Buyback Doesn’t Ease Marke…
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