NVIDIA Corporation NVDA shares are trading lower by $3.60 $107.83 in Friday's session. At that level, the issue has gained 227 percent for 2016 from its 2015 year-end close of $32.96.
The issue was knocked off its parabolic move higher on Wednesday after Andrew Left of Citron Research put out a short recommendation on the issue, stating its true value was closer to $90.00.
Its fall from grace found support in Thursday's session at $102.80 and rallied to end the session higher on the day at $111.43. It was able to exceed that level off today's open, reaching $111.92 before reversing course.
The ensuing decline has taken the issue to $107.36 and it is attempting to remain in the $108 handle. The issue's all-time high was made on Wednesday at $119.93 and its all-time closing high was made the prior day at $117.32.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.