Shares of NVIDIA Corporation (NVDA) Rally 3.64%

NVIDIA Corporation (NVDA) : Traders are bullish on NVIDIA Corporation (NVDA) as it has outperformed the S&P 500 by a wide margin of 8.08% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.11%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 3.64% in the last 1 week, and is up 12.8% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 8.92% and the 50-Day Moving Average is 16.7%.

NVIDIA Corporation (NASDAQ:NVDA): The stock opened at $52.64 on Friday but the bulls could not build on the opening and the stock topped out at $52.94 for the day. The stock traded down to $51.84 during the day, due to lack of any buying support eventually closed down at $52.70 with a loss of -1.16% for the day. The stock had closed at $53.32 on the previous day. The total traded volume was 10,715,357 shares.


The company Insiders own 5.82% of NVIDIA Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -11.1% . Institutional Investors own 90.37% of NVIDIA Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -2.17%. In a related news, The director officer (President and CEO), of Nvidia Corp, Huang Jen Hsun had unloaded 40,000 shares at $52.94 per share in a transaction on July 13, 2016. The total value of transaction was $2,117,600. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

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 *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.