Nu Holdings Ltd (NYSE: NU) is making notable gains in the stock market today, May 28th, with shares climbing to $12.16 by midday. As of 12:24 PM GMT-4, this represents a significant increase of $0.22, or 1.84%, for the digital banking platform.
The stock began the trading day at $11.91, slightly below its previous close of $11.94. Despite an early dip to an intraday low of $11.86, NU shares quickly found buying support and rallied to reach an intraday high of $12.25. The current price reflects sustained investor interest following this morning’s upward momentum.
Financially, Nu Holdings currently reports a market capitalization of 5.86KCr and a Price-to-Earnings (P/E) ratio of 27.66. The company does not presently offer a dividend yield to its investors. Looking at its performance over the past year, NU’s current share price is comfortably above its 52-week low of $9.01, while the 52-week high stands at $16.14.
Investors will be keenly watching if Nu Holdings can maintain this positive trajectory and build on these gains as the trading session progresses.
