Shares of NVIDIA Corporation (NVDA) Sees Large Inflow of Net Money Flow

NVIDIA Corporation (NVDA) : Wednesdays money flow data in NVIDIA Corporation (NVDA) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $80.34 million, whereas, $71.37 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 1.13, in favor of the bulls. The total money flow into the stock was $8.97 million clearly indicating that the smart money has been buying into the stock on weakness.

In comparison, the money flow in block deals was $11.69 million. The total value of block trades done on upticks was $17.33 million. The value of bearish trades on downticks was only $5.64 million.The up/down ratio in the block trades was a healthy 3.07 in favor of the bulls, suggesting strong buying in the stock by large traders. NVIDIA Corporation (NVDA) fell $0.11 and traded at $66.43, down -0.17% for the day, over previous days close. On a weekly basis, the shares are 2.28% over the previous weeks close.


Shares of NVIDIA Corporation rose by 2.96% in the last five trading days and 7.73% for the last 4 weeks. NVIDIA Corporation is up 43.41% in the last 3-month period. Year-to-Date the stock performance stands at 104.25%.

NVIDIA Corporation (NVDA) : The consensus on NVIDIA Corporation (NVDA) based on 23 analyst recommendation on the company stock is 2, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 1 which endorses a Strong Buy on the stock. However, 13 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 7 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 2 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.

NVIDIA Corporation (NASDAQ:NVDA): The stock opened at $66.64 and touched an intraday high of $66.83 on Wednesday. During the day, the stock corrected to an intraday low of $65.93, however, the bulls stepped in and pushed the price higher to close in the green at $66.78 with a gain of 0.36% for the day. The total traded volume for the day was 7,994,501. The stock had closed at $66.54 in the previous trading session.

NVIDIA Corporation (NVIDIA) is engaged in visual computing, enabling individuals to interact with digital ideas, data and entertainment. The Company is engaged in creating NVIDIA-branded products and services, offering its processors to original equipment manufacturers (OEMs), and licensing its intellectual property. NVIDIA-branded products and services are visual computing platforms that address four markets: Gaming, Enterprise, High Performance Computing & Cloud, and Automotive. The Company operates in two segments: Graphics Processing Unit (GPU) and Tegra Processor. The Companys GPU product brands include GeForce for gamers; Quadro for designers; Tesla for researchers, learning and big-data analysts; and GRID for cloud-based visual computing users. The Companys Tegra processors are primarily designed to enable its branded platforms: DRIVE and SHIELD.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *