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Why NerdWallet (NRDS) Stock Is Up Today

NRDS Cover Image

What Happened?

Shares of financial guidance platform NerdWallet (NASDAQ: NRDS) jumped 3.7% in the afternoon session after the broader market rallied as Federal Reserve Chair Jerome Powell hinted at a potential future interest rate cut. During a speech, Powell noted that stable economic conditions, particularly the unemployment rate, allow the central bank to “proceed carefully” with future policy decisions. He added that with the current policy being “in restrictive territory,” the outlook and risk balance “may warrant adjusting our policy stance.” Investors interpreted these comments as a strong signal that the Federal Reserve may soon lower interest rates, which typically boosts stock market performance. The positive sentiment led to a widespread market surge, lifting shares of companies like NerdWallet.

After the initial pop the shares cooled down to $10.39, up 3.7% from previous close.

Is now the time to buy NerdWallet? Access our full analysis report here, it’s free.

What Is The Market Telling Us

NerdWallet’s shares are quite volatile and have had 18 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.

NerdWallet is down 23% since the beginning of the year, and at $10.39 per share, it is trading 35.1% below its 52-week high of $16 from November 2024. Investors who bought $1,000 worth of NerdWallet’s shares at the IPO in November 2021 would now be looking at an investment worth $367.18.

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