Why Nu Holdings Stock Sank 17% in December

Shares of Nu Holdings (NYSE: NU) stock dropped 17% in December, according to data from S&P Global Market Intelligence. Investors have been spooked by high inflation and volatility in its headquarters of Brazil, and it announced a new investment that didn't sit well with the market.Nu has been demonstrating incredible performance since it went public three years ago. It's reliable for high revenue increases and soaring profits, and it has a robust credit business that continues to grow.Revenue increased 56% year over year in the third quarter, and net income increased from $303 million to $553 million. It added 5.2 million customers in the quarter to reach 109.7 million, 98.8 million of whom are in Brazil. And while it's still adding a high number of new members in its home country, to the tune of more than 1 million every month, it's adding new members at a faster rate in its other markets of Mexico and Colombia.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool