In a filing, Nu Holdings Ltd revealed its Affiliate Youssef Lahrech acquired Company’s shares for reported $0.5 million on Sep 30 ’24. In the deal valued at $13.87 per share,36,000 shares were bought.
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Then, Duggal Jagpreet Singh bought 45,775 shares, generating $686,625 in total proceeds.
Before that, LIVIA MARTINES CHANES & BRUNO bought 150,000 shares. Nu Holdings Ltd shares valued at $2,176,500 were divested by the Officer at a price of $14.51 per share.
UBS downgraded its Nu Holdings Ltd [NU] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including JP Morgan’s analysts, who decreased its forecast for the stock in late July from “an Overweight” to “a Neutral”. Barclays began covering NU with “an Overweight” recommendation on June 26, 2024. Redburn Atlantic started covering the stock on October 18, 2023. It rated NU as “an Overweight”.
Price Performance Review of NU
On Tuesday, Nu Holdings Ltd [NYSE:NU] saw its stock fall -3.41% to $14.18. Over the last five days, the stock has gained 5.27%. Nu Holdings Ltd shares have risen nearly 70.23% since the year began. Nevertheless, the stocks have risen 82.73% over the past one year. While a 52-week high of $15.16 was reached on 09/18/24, a 52-week low of $7.68 was recorded on 01/03/24. SMA at 50 days reached $13.89, while 200 days put it at $11.87.
Levels Of Support And Resistance For NU Stock
The 24-hour chart illustrates a support level at 13.92, which if violated will result in even more drops to 13.66. On the upside, there is a resistance level at 14.60. A further resistance level may holdings at 15.02. The Relative Strength Index (RSI) on the 14-day chart is 54.07, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.60, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 34.18%. Stochastics %K at 63.12% indicates the stock is a holding.
How much short interest is there in Nu Holdings Ltd?
A steep rise in short interest was recorded in Nu Holdings Ltd stocks on 2024-09-30, growing by 108.41 million shares to a total of 193.31 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 84.9 million shares. There was a rise of 56.08%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on October 16, 2023 when Jefferies began covering the stock and recommended ‘”a Buy”‘ rating along with a $10.80 price target.
