Nu Shares Jump 11% as Brazilian Assets Rally After Flávio Bolsonaro Leads Lula in First Round

Nu Holdings (NYSE: NU) shares jumped 11% to $14. 90 in premarket trading Monday as Brazilian assets rallied after Flávio Bolsonaro finished the first round of Brazil’s presidential election 1. 87 percentage points ahead of President Luiz Inácio Lula da Silva, reversing Datafolha’s final valid-vote point estimates that had Lula three points in front.

NU Is Moving With a Much Bigger Brazil Rally NU’s move is not happening in isolation. Visit Website