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Stock impact report

Nu Holdings Stock: Battered Since Its IPO [TheStreet.com]

Nu Holdings Ltd. (NU) 
Company Research Source: TheStreet.com
The Brazilian fintech Nu Holdings ( ) has suffered heavy losses since becoming a publicly traded company in December of 2021. NU shares are a full 60% off their IPO price. Much of that downside can be blamed not directly on NU, but on a poor macroeconomic backdrop that has hit growth stocks particularly hard. Nu Holdings caught the markets' attention at the end of last year due to its flashy IPO, which included a $1 billion contribution from Warren Buffett's Berkshire Hathaway. On May 16, the company will be reporting its first public Q1 results. After a disastrous few months, NU did have a lucky Friday the 13th, trading up nearly 13% on May 13. Might this portend good news for the fintech’s upcoming earnings? Here, we’ll take a deeper look at Nu Holdings and discuss the possibility of reduced turbulence for the stock in the near future. Figure 1: Nu Holdings Stock: Battered Since Its IPO Nu Holdings (Read more from Wall Street Memes: ) Q1 Earnings Ahead, With Growth Stocks Un Show less Read more
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