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This Warren Buffett stock has dropped 35% in just over a month — What's happening?
NUNu .(NU) Finbold·2024-12-30 11:57

Nu Holdings (NYSE: NU), the parent company of digital banking giant Nubank, has seen its stock tumble 35% from its mid-November peak of $15.94. Despite the decline, the company continues to capture a significant share of Latin America’s unbanked population and maintains a market capitalization of $49.23 billion.The sharp drop comes against a backdrop of macroeconomic headwinds in Brazil, including surging inflation, rising interest rates, and geopolitical uncertainties rattling investor confidence.Nu Holdin ...