Should You Invest $3,000 in Nu Holdings Right Now?
With shares falling 24% from their all-time record, it's time to take a closer look at this Latin American fintech enterprise.
Overview
Over the three years leading up to their peak, shares in Nu Holdings (NYSE: NU) skyrocketed 329%. Since hitting that all-time high, however, they have fallen 24% (as of July 23). This drop could have been caused by a number of factors, such as a worry that growth will slow, macroeconomic factors, or a leadership change, all of which weakened market sentiment.
Opportunistic investors will take the time to figure out if this fintech stock is a worthy buy on the dip. Is it time to invest $3,000 in Nu, which will get you about 211 shares at the current price? The evidence is clear on what to do.
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Originally published at www.fool.com.