Shares of NVIDIA Corporation (NVDA) Sees Large Outflow of Money

NVIDIA Corporation (NVDA) : Money flow in the NVIDIA Corporation (NVDA) stock was negative (1.09 million) on Thursday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $3.93 million, compared to $5.02 million on downticks. The total uptick to downtick ratio was 0.78, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($1.4 million), indicating selling on the strength. The transaction value during uptick in block trades was $2.06 million. Downtick transaction value in block trades amounted to $3.47 million, indicating persistent selling. The uptick to downtick ratio was 0.6. NVIDIA Corporation (NVDA) traded $0.22 higher at $47.87 gaining 0.45% over the previous days close.


NVIDIA Corporation (NVDA) : The highest level NVIDIA Corporation (NVDA) is projected to reach is $58 for the short term and the lowest estimate is at $13. The consolidated price target from 14 rating analysts who initiate coverage on the stock is $41.36 and the possibility the share price can swing is $13.56. The stock has recorded a 20-day Moving Average of 4.27% and the 50-Day Moving Average is 12.98%.

NVIDIA Corporation (NASDAQ:NVDA): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $47.97 and $47.75 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $49.06. The buying momentum continued till the end and the stock did not give up its gains. It closed at $48.89, notching a gain of 2.60% for the day. The total traded volume was 9,884,992 . The stock had closed at $47.65 on the previous day.

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.