Nu Holdings Ltd. (NYSE:NU) shares are trending on Thursday.
Shares of the Brazilian digital banking platform gained 6.08% to $13.43 after the bell on Wednesday, following a statement addressing recent media speculation about a potential transaction.
Nu Denies Pursuing Monzo Deal
In an announcement made after markets closed Wednesday, Nu Holdings denied pursuing an acquisition of UK fintech firm Monzo.
The company said it generally does not comment on specific opportunities. Given the extent of speculation, however, it said it was “not pursuing a transaction with Monzo.” Nu added that it has “a great deal of respect” for the company.
Nu said it regularly evaluates partnerships, investments and acquisitions as part of normal business.
Growth Priorities
In its announcement, the company also outlined its key priorities. These include deepening its position in Brazil, scaling its businesses in Mexico and Colombia and growing its presence in the U.S. and other global markets through Nu Global.
Nu said its capital allocation framework is unchanged.
Trading Metrics, Technical Analysis
Nu Holdings has a market capitalization of $61.16 billion, a 52-week high of $18.98 and a 52-week low of $11.20. The company has approximately 3.81billion shares outstanding.
The Relative Strength Index (RSI) of NU stands at 35.17.
The large-cap fintech stock has fallen 20.92% over the past 12 months.
NU is currently trading at about 19% of its 52-week range.
Price Action: The stock closed the regular session on Wednesday at $12.66, up 2.51%, according to Benzinga Pro data.
With a strong Growth score of 95.09, Benzinga’s Edge Stock Rankings indicate Nu Holdings stock has a negative price trend across all time frames.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo Courtesy: Arsenii Palivoda on Shutterstock.com
Photo Courtesy: PJ McDonnell on Shutterstock.com
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