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Nu Holdings Ltd (NU) rating downgrades by Citigroup

Nu Holdings Ltd’s recently made public that its Officer GUILHERME MARQUES DO LAGO acquired Company’s shares for reported $13.79 million on Feb 14 ’25. In the deal valued at $13.79 per share,1,000,000 shares were bought.

Then, GUILHERME MARQUES DO LAGO bought 150,400 shares, generating $2,064,992 in total proceeds.

Before that, Youssef Lahrech bought 199,000 shares. Nu Holdings Ltd shares valued at $2,776,050 were divested by the Officer at a price of $13.95 per share.

Citigroup downgraded its Nu Holdings Ltd [NU] rating to a Sell from a a Neutral in a research note published on December 02, 2024; the price target was decreased to $11 from $14.60. A number of analysts have revised their coverage, including Itau BBA’s analysts, who decreased its forecast for the stock in mid November from “an Outperform” to “a Market perform”. UBS also remained covering NU and has decreased its forecast on August 02, 2024 with a “Neutral” recommendation from previously “Buy” rating. JP Morgan revised its rating on July 22, 2024. It rated NU as “a Neutral” which previously was an “an Overweight”.

Price Performance Review of NU

On Tuesday, Nu Holdings Ltd [NYSE:NU] saw its stock jump 1.72% to $11.21. Over the last five days, the stock has lost -17.21%. Nu Holdings Ltd shares have risen nearly 8.20% since the year began. Nevertheless, the stocks have risen 8.20% over the past one year. While a 52-week high of $16.15 was reached on 02/07/25, a 52-week low of $9.67 was recorded on 01/02/25. SMA at 50 days reached $11.95, while 200 days put it at $12.93.

Levels Of Support And Resistance For NU Stock

The 24-hour chart illustrates a support level at 10.97, which if violated will result in even more drops to 10.72. On the upside, there is a resistance level at 11.44. A further resistance level may holdings at 11.66. The Relative Strength Index (RSI) on the 14-day chart is 33.96, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.09, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 85.93%. Stochastics %K at 8.28% indicates the stock is a buying.

The most recent change occurred on June 26, 2024 when Barclays began covering the stock and recommended ‘”an Overweight”‘ rating along with a $15 price target.

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