Why Shares of Nu Holdings Are Rising Today
Shares of the Brazilian digital bank Nu Holdings (NYSE: NU) traded roughly 11.4% higher as of 2:37 p.m. ET today after a large, well-known institutional investor revealed that it has taken a position in the company. The large Japanese conglomerate and tech investor SoftBank (OTC: SFTBF) revealed in its 13F filing, which shows what stocks the company bought and sold between April 1 and June 30, that it has purchased 22 million shares of Nu valued at nearly $82.3 million.
