On two separate occasions in the last month, Nu Holdings Ltd. (NYSE: NU) stock has reached a new all-time high (ATH). Both times, sellers rushed in to squelch the rally. However, despite a tepid post-earnings reaction, the third time may give the stock the boost it needs to push past previous levels of resistance at the ATH.
After an initial downturn, NU stock is up a little over 1% in early trading the day after the report. Investors may have expected more, but the muted response is likely a reaction to the overall bearish sentiment in the broader market, particularly for a digital bank and financial services company that is promoting its AI-first approach.
