NVIDIA Corp (NVDA) $8.63 +13.25%
Nvidia (NVDA, news, chart, volatility) has seen active trading this week leading up to its earnings release. Shares are up 9 percent today after the company reported quarterly earnings of 20 cents per share, which beat Street estimates by 8 cents. Yesteday, however, some pre-earnings jitters and a downdraft in the tech sector inspired by a revenue warnings from Cisco (CSCO) sent NVDA down 10 percent. Call sellers dominated the order flow, with more than 16,000 of both the November 7.5 and 10 calls. Closing bidside activity seemed to drive a lot of the trading, as buyers were active in these contracts just a few days ago when shares of of the chipmaker were near $9.
Category: All Stocks, Mid Cap Stocks, Semiconductors
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About the Author (Author Profile)
Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.
