What's Going On With Nu Holdings Shares Monday？ - Nu Holdings (NYSE:NU)

　　Nu Holdings Ltd.NU shares are trading lower on above-average volume Monday despite positive analyst coverage.

　　What To Know: Jefferies analyst Inigo Vegamaintained a Buy rating on Nu Holdings on Monday and raised the price target from $10.80 to $15.20.

　　Other recent analyst updates include a price target increase from $12 to $13 from Keybanc and a price target increase from $12 to $14 from Susquehanna. Both analyst firms currently have Overweight ratings on the stock.

　　The market response to the positive analyst coverage has been tepid although the stock is trading on high volume. Mondays daily trading volume of 58.72 million shares was well above the 100-day average of 22.24 million, according to Benzinga Pro.

　　Nu Holdings is the worlds largest digital banking platform outside of Asia, serving over 100 million customers across Brazil, Mexico and Colombia.

　　How To Buy NU Stock

　　By now you're likely curious about how to participate in the market for Nu Holdings – be it to purchase shares, or even attempt to bet against the company.

　　Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy fractional shares,' which allows you to own portions of stock without buying an entire share. In the case of Nu Holdings, which is trading at $11.86 as of publishing time, $100 would buy you 8.43 shares of stock.

　　If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to go short' a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.

　　NU Price Action:Nu Holdings shares closed Monday down 3.14% at $11.87, according to Benzinga Pro.

　　Image: Shutterstock.

　　© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.