Nu Holdings stock steadies after $1 billion buyback move
Nu Holdings Ltd. is struggling to steady. Shares of the Nubank parent ended Wednesday at $11.62, off 2.19%. In pre-market trade on Thursday, NU ticked up a bit, a small lift but the stock is still hovering near its 52-week low after stumbling at the start of June. For investors, the question has moved past growth. Now it’s about whether Nu can keep pushing credit in Brazil and Mexico without sacrificing too much margin. Buyback offers support. Nu told the SEC last week its board signed off on a repurchase of as much as $1 billion in Class A shares for the 12 months from June 4, 2026, through June 3, 2027. A buyback means the company is spending cash to buy its own stock, which can shrink share count or signal management confidence in the shares. Nu said it might buy in the open market, through derivatives, or in private deals.