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Nu Holdings Announces $1 Billion Buyback, Shares Keep Sliding
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Nu Holdings Announces $1 Billion Buyback, Shares Keep Sliding
Nu Holdings plunged 8.8% this week to $11.97 despite a $1 billion buyback plan, as shares slid on CFO transition worries and credit risks; BofA Securities downgraded the stock to Underperform with a $10 target, citing uncertainty from the finance-chief change and tougher lending conditions in Brazil and new markets. The post Nu Holdings Announces $1 Billion Buyback, Shares Keep Sliding appeared first on TechStock².
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