Large Outflow of Money Witnessed in NVIDIA Corporation

NVIDIA Corporation (NVDA) traded on a positive note gaining 4.77 points or 4.37% to be valued at $113.95 per share. Intraday, the shares aggregated $430.19 million in upticks but saw an exodus of $441.61 million in downticks. The net money flow was calculated to be $(-11.42) million with the final up/down ratio coming in at 0.97. The share price has seen a change of 1.95% in value during the week. Block trade of up/down ratio of 0.92 was also registered with $19.08 million in upticks and $20.67 million in downticks. The net money flow for the block exchange was disappointing at $(-1.59) Million.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Shares of NVIDIA Corporation rose by 5.71% in the last five trading days and 6.75% for the last 4 weeks. NVIDIA Corporation is up 60.37% in the last 3-month period. Year-to-Date the stock performance stands at 6.75%. NVIDIA Corporation (NASDAQ:NVDA) rose 4.37% or 4.77 points on Wednesday and made its way into the gainers of the day. After trading began at $110.58 the stock was seen hitting $114.12 as a peak level and $109.86 as the lowest level. The stock ended up at $113.95. The daily volume was measured at 14,750,082 shares. The 52-week high of the share price is $119.93 and the 52-week low is $24.75. The company has a market cap of $61,419 million.

Company has reported several Insider transactions to the SEC, on Jan 13, 2017, Jen Hsun Huang (President and CEO) sold 41,666 shares at 102.74 per share price.On Dec 29, 2016, Tench Coxe (director) sold 50,000 shares at 116.70 per share price.On Dec 16, 2016, A Brooke Seawell (director) sold 3,106 shares at 96.90 per share price.

NVIDIA Corporation Last issued its quarterly earnings results on Nov 10, 2016. The company reported $0.94 EPS for the quarter, beating the analyst consensus estimate by $ 0.26. Analyst had a consensus of $0.68. The company had revenue of $2004.00 million for the quarter, compared to analysts expectations of $1691.72 million. The companys revenue was up 53.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.46 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Company shares were Reiterated by Canaccord Genuity on Jan 10, 2017 to Buy, Raises Price Target to $ 120 from a previous price target of $97.50 .Company shares were Reiterated by UBS on Jan 6, 2017 to Buy, Raises Price Target to $ 120 from a previous price target of $95 .NVIDIA Corporation was Initiated by Loop Capital to Buy on Dec 13, 2016. Company shares were Reiterated by MKM Partners on Nov 22, 2016 to Buy, Raises Price Target to $ 106 from a previous price target of $87 .NVIDIA Corporation was Upgraded by Needham on Nov 14, 2016 to Buy, Price Target of the shares are set at $100.

NVIDIA Corporation designs, develops and markets a top-to-bottom family of award-winning 3D graphics processors, graphics processing units and related software that set the standard for performance, quality and features for every type of desktop personal computer user, from professional workstations to low-cost computers. NVIDIA Corporations 3D graphics processors are used in a wide variety of applications, including games, the Internet and industrial design.


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