NVIDIA Corporation (NVDA): The stock had negative money flow to the tune of ($4.12 million) on Monday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $120.98 million, whereas, the outflow of money on downticks was $125.1 million and the ratio between the two was 0.97. The block trade had a negative net money flow of ($1.34 million). The total block trade value undertaken on upticks was $1.91 million. On the other hand, downticks amounted to $3.25 million of the traded value, which shows distribution in the stock by traders. The ratio between uptick and downtick was 0.59. NVIDIA Corporation (NVDA) closed with marginal gains of 4 cents to end the day at $63.08, an increase of 0.06% over the previous days close. The stock recorded 8.38% for the week.
Shares of NVIDIA Corporation rose by 7.22% in the last five trading days and 19.51% for the last 4 weeks. NVIDIA Corporation is up 49.66% in the last 3-month period. Year-to-Date the stock performance stands at 92.27%.
NVIDIA Corporation (NASDAQ:NVDA): The stock opened at $63.11 on Monday but the bulls could not build on the opening and the stock topped out at $63.50 for the day. The stock traded down to $62.13 during the day, due to lack of any buying support eventually closed down at $62.98 with a loss of -0.10% for the day. The stock had closed at $63.04 on the previous day. The total traded volume was 14,332,617 shares.
In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director officer (President and CEO) of Nvidia Corp, Huang Jen Hsun had sold 40,000 shares worth of $2,346,400 in a transaction dated August 10, 2016. In this transaction, 40,000 shares were sold at $58.66 per share.
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.