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Stock impact report

Stock Market Today, Dec. 17: Nu Holdings Falls After Mixed Institutional Moves Signal Uncertainty [Yahoo! Finance]

Nu Holdings Ltd. (NU) 
Company Research Source: Yahoo! Finance
Wednesday's drop follows third-quarter 13F disclosures that are sending mixed institutional ownership signals and keeping investors focused on Nu's ability to sustain recent profitability gains. The S&P 500 (SNPINDEX:^GSPC) fell 1.16% to 6,722, while the Nasdaq Composite (NASDAQINDEX:^IXIC) lost 1.81% to finish at 22,694. Within Digital Banking, industry peers Banco Macro (NYSE:BMA) and Grupo Financiero Galicia (NASDAQ:GGAL) also slipped modestly, underscoring how Latin American financial stocks are trading against a backdrop of shifting institutional flows. Recent 13F filings revealed that two asset managers have made distinct decisions regarding Nu Holdings. Assenagon Asset Management increased its stake in Nu Holdings by nearly 92% while Salem Investment Counselors trimmed its position by 6%. At first glance, these decisions may seem confusing and lead one to wonder why these funds hold such differing opinions on the stock. However, the details matter. In the case of Assenag Show less Read more
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