New High Ahead? NVIDIA Corporation (NASDAQ:NVDA)

NVIDIA Corporation (NASDAQ:NVDA) stock ended higher on Friday after the news.

Market Action

NVDA stock ended Friday at $599.67, up by $15.17 or 2.60%. More than 16.82 million shares traded hands – 2X its 30-day average of 8.32 million shares. The stock opened at $606.55 and moved within a range of $594.78 – 608.88.

NVDA Released News Yesterday

NVIDIA Announces Four-for-One Stock Split, Pending Stockholder Approval at Annual Meeting Set for June

  • announced that its board of directors declared a four-for-one split of NVIDIA’s common stock in the form of a stock dividend to make stock ownership more accessible to investors and employees.
  • The stock dividend is conditioned on obtaining stockholder approval at the company’s 2021 Annual Meeting of Stockholders ― to be held virtually on Thursday, June 3, at 11 a.m. PT ― to increase the number of authorized shares of common stock to 4 billion shares.
  • If approval is obtained, each NVIDIA stockholder of record at the close of business on June 21, 2021, will receive a dividend of three additional shares of common stock for every share held on the record date, to be distributed after the close of trading on July 19, 2021. Trading is expected to begin on a stock split-adjusted basis on July 20.

Trader Notes

Share Information

SHARE FLOAT (%)596.75 M (95.88%)

Recent Stock Performance

5-DAY PERF.+5.26%
1-MONTH PERF.-2.40%
3-MONTH PERF.+0.47%
6-MONTH PERF.+14.62%
YTD PERF.+14.87%
1-YEAR PERF.+71.08%

Moving Averages

+/- EMA(20)578.61 (+3.64%)
+/- SMA(50)569.58 (+5.28%)
+/- SMA(200)538.43 (+11.37%)

Pivot Points

NameS3S2S1Pivot PointsR1R2R3

Technical Indicators

CCI2062.9484BuyChaikin Money Flow-0.0353Neutral
MACD-1.8370SellMoney Flow Index46.9086Buy
STOCH (14,3)86.9399OverBoughtSTOCH RSI1.0000OverBought
UO60.7802BuyWilliams %R-13.0601OverBought

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