Why Warren Buffett Stock Nu Holdings Dived by 13% This Week
Nu .(NU) The Motley Fool·2024-12-20 23:33
Although Warren Buffett is a justifiably celebrated and successful investor, not all of his company's holdings have soared in popularity recently. Case in point: Brazil-based fintech Nu Holdings (NU 0.48%), which according to data compiled by S&P Global Market Intelligence suffered a 13% decline in share price over this just-completed trading week. This occurred on news of a fresh asset buy and an analyst's price target cut.A modest but impactful analyst moveOf the two news items, that cut was the more impa ...