Nu Holdings is trading at $13.26, up 4.74%, after its September 30 clarification that it is not pursuing a transaction with Monzo eased investor concerns.
- Reuters confirmed the statement, which addressed concerns about financing risk and strategic fit.
- An October 1 market report linked the recovery to investors unwinding losses tied to deal reports. The reported pre-market backdrop was mildly positive, but coverage attributed the stronger move to company-specific news rather than a broad sector tailwind.