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

NVIDIA Corporation (NVDA) : Fridays money flow points at investors jumping to buy the stock on the weakness of price. $92.29 million worth of transactions were on upticks, whereas, the downticks accounted for $84.25 million worth of transactions. The net money flow was a positive $8.04 million and the uptick to downtick ratio was 1.1. However, the block trades showed a clear dominance of the bulls with a very healthy ratio of 1.42 in their favor. The net money flow into the stock was $3.57 million. The value of block trades done on downticks was only $8.47 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $12.04 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. NVIDIA Corporation (NVDA) was trading at $62.53, down $0.62 during day. The stock slid -0.98% over the previous days close. For the week, the stock recorded 0.81% over the previous weeks close.


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 -7.84% . Institutional Investors own 86.78% of NVIDIA Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -10.75%.

In a related news,The officer (Principal Accounting Officer) of Nvidia Corp, Byron Michael sold 409 shares at $63.35 on September 1, 2016. The Insider selling transaction had a total value worth of $25,910. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

NVIDIA Corporation (NASDAQ:NVDA): stock was range-bound between the intraday low of $61.82 and the intraday high of $63.35 after having opened at $63.28 on Fridays session. The stock finally closed in the red at $63.28, a loss of -0.98%. The stock remained in the red for the whole trading day. The total traded volume was 8,078,742 shares. The stock failed to cross $63.35 in Fridays trading. The stocks closing price on Thursday was $63.15.

NVIDIA Corporation (NVDA) : Traders are bullish on NVIDIA Corporation (NVDA) as it has outperformed the S&P 500 by a wide margin of 7.58% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.3%, 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 0.81% in the last 1 week, and is up 7.44% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

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.

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