Nu Holdings Jumps 10% to a Five-Month High, StoneCo Drops 6% as Nubank Breaks From the Pack
on Friday afternoon, shares of Nu Holdings rose 10% to $15.35, reaching a five-month high, while shares of StoneCo fell 6% to $9.59, with Nubank breaking from the pack relative to StoneCo.
Why it matters — A StoneCo watcher would care because StoneCo's stock declined 6% in the same session that Nu Holdings rallied sharply, highlighting a divergence in investor sentiment between the two Brazilian fintech names.