|Bid||4.1800 x N/A|
|Ask||4.2400 x N/A|
|Day's range||4.1600 - 4.1600|
|52-week range||3.1200 - 10.3000|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Tech and fintech stocks are struggling as investors gear up for a big week of economic data and insights.
Shares of the Brazilian digital bank Nu Holdings (NYSE: NU) traded roughly 5.6% higher as of 12:15 p.m. ET today for no obvious reason, although the stock, as of this writing, was outpacing broader benchmark indexes. The Latin American digital bank disruptor has the backing of huge investors like Warren Buffett and Berkshire Hathaway and the large venture capital company Sequoia Capital.
The consumer-facing bank took a hit as interest rates across most of the world increased and investors grew increasingly concerned about the economy. Nu Holdings, which is backed by Berkshire Hathaway, went public at the end of December at a tough time for fintech stocks. Investors were starting to realize that inflation might be alarmingly high and that the Federal Reserve may not have a handle on it as suggested at the time.