NVIDIA Corporation (NASDAQ:NVDA) has climbed 1.13% in the past week and advanced 5.39% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 2.34% and the outperformance has advanced to 4.43% for the last 4 weeks period.
NVIDIA Corporation (NASDAQ:NVDA): The stock opened at $47.61 on Friday but the bulls could not build on the opening and the stock topped out at $47.62 for the day. The stock traded down to $46.53 during the day, due to lack of any buying support eventually closed down at $46.72 with a loss of -1.75% for the day. The stock had closed at $47.55 on the previous day. The total traded volume was 11,775,048 shares.
The company shares have rallied 114.51% from its 1 Year high price. On Jun 15, 2016, the shares registered one year high at $47.77 and the one year low was seen on Jul 27, 2015. The 50-Day Moving Average price is $42.66 and the 200 Day Moving Average price is recorded at $34.82.
On the companys insider trading activities, The director officer (President and CEO), of Nvidia Corp, Huang Jen Hsun had unloaded 40,000 shares at $46.49 per share in a transaction on June 10, 2016. The total value of transaction was $1,859,600. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. Equity Analysts at the Brokerage Firm, Nomura, upgrades their rating on the shares of NVIDIA Corporation (NASDAQ:NVDA). Nomura has a Buy rating on the shares. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on June 13, 2016. Currently 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 -6.53% . Institutional Investors own 90.79% of NVIDIA Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -2.17%.
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.