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Citigroup Downgrades Nu Holdings Ltd (NU) to a Sell from a Neutral

Nu Holdings Ltd’s recently made public that its Officer Duggal Jagpreet Singh acquired Company’s shares for reported $1.0 million on Mar 14 ’25. In the deal valued at $12.00 per share,83,405 shares were bought.

Then, HENRIQUE CAMOSSA SALDANHA FRAG bought 25,000 shares, generating $287,500 in total proceeds.

Before that, Duggal Jagpreet Singh bought 53,870 shares. Nu Holdings Ltd shares valued at $579,102 were divested by the Officer at a price of $10.75 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 fall -2.71% to $11.50. Over the last five days, the stock has gained 8.49%. Nu Holdings Ltd shares have risen nearly 11.00% since the year began. Nevertheless, the stocks have fallen -1.03% 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 03/04/25. SMA at 50 days reached $11.96, while 200 days put it at $12.86.

Levels Of Support And Resistance For NU Stock

The 24-hour chart illustrates a support level at 11.29, which if violated will result in even more drops to 11.09. On the upside, there is a resistance level at 11.79. A further resistance level may holdings at 12.09. The Relative Strength Index (RSI) on the 14-day chart is 49.69, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.78, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 20.35%. Stochastics %K at 89.21% indicates the stock is a selling.

How much short interest is there in Nu Holdings Ltd?

A steep rise in short interest was recorded in Nu Holdings Ltd stocks on 2025-02-28, growing by 22.64 million shares to a total of 136.0 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 113.36 million shares. There was a rise of 16.65%, which implies that there is a positive sentiment for the stock.

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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