NVIDIA Corporation (NVDA): $31.96 million was the positive money flow into the stock on Tuesday and the up/down ratio of ticks was also in favor of the bulls at 1.42. The value of trades done on upticks was $107.28 million, whereas, trades done on downticks were valued at $75.32 million. Money flows are calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades. large traders, also sometimes called as the smart money, block traded $65.15 million worth stocks on upticks, which is a bullish indication. The downticks accounted only for $29.36 million worth of block trades showing a lack of interest among the large traders to sell the stock down. The up/down ratio of 2.22 was strongly in favor of the bulls. The money flow in block trades was $35.79 million. NVIDIA Corporation (NVDA) fell $0.36 traded at $61.63, a change of -0.58% over the previous day. The stock is -0.64% for the week.
Also, Brokerage firm Argus Research maintains its rating on NVIDIA Corporation (NASDAQ:NVDA). As per the latest information, the brokerage house raises the price target to $72 per share from a prior target of $54. The shares have been rated Buy. The rating by the firm was issued on August 15, 2016.
NVIDIA Corporation has dropped 2.03% in the last five trading days, however, the shares have posted positive gains of 8.84% in the last 4 weeks. NVIDIA Corporation is up 31.9% in the last 3-month period. Year-to-Date the stock performance stands at 88.5%.
NVIDIA Corporation (NASDAQ:NVDA): The stock opened at $61.91 on Tuesday but the bulls could not build on the opening and the stock topped out at $62.24 for the day. The stock traded down to $61.46 during the day, due to lack of any buying support eventually closed down at $61.63 with a loss of -0.58% for the day. The stock had closed at $61.99 on the previous day. The total traded volume was 7,138,622 shares.
In a related news, The Securities and Exchange Commission has divulged that Shoquist Debora, officer (EVP, Operations) of Nvidia Corp, had unloaded 35,476 shares at an average price of $63.06 in a transaction dated on August 15, 2016. The total value of the transaction was worth $2,237,117.
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.