- The company’s shares rose 5.20% on Friday, setting a new all-time high at $15.06.
- The company beat market expectations in its latest quarterly report.
Shares of Nu Holdings Ltd, the parent company of Nubank, rebounded from a Friday low of $14.27, attracting aggressive buyers who set a new all-time high of $15.06. The financial company’s stock closed the session at $14.97, surpassing the previous high of $14.85, reached on August 26.
Nu Holdings Ltd hits new all-time high
Nu Holdings Ltd’s involvement in Mexico has been key to the company’s development and growth, surpassing 8 million customers and $3.3 billion in deposits.
The company released its financial report on August 13, beating market expectations by reporting revenue of $2.85 billion versus the $2.61 billion expected.
The stock’s growth in 2024 registers an 84% gain, going from trading at $8.13 on January 2, to closing at $14.97 on August 30.
Technical levels in Nu Holdings Ltd
Nu Holdings shares established short-term support at 13.90, given by the August 28 low that converges with the 78.6% Fibonacci retracement. The next key support is at 12.42, the August 14 pivot point in confluence with the 50% Fibonacci retracement. The Relative Strength Index is at 69.47, above the 50 midline, showing us that buying pressure remains strong with intentions to establish new highs in the near term.
Nu Holdings Ltd daily chart
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
