Nvidia Stock Falling

Even with the abysmal stock performance seen in q4 of 2018 that isn t enough to sink a behemoth of nvidia s size.

Nvidia stock falling. Nvidia s nasdaq nvda shares plummeted after it announced earnings results on nov. 23 or up. Why the stock is falling. The stock closed the last trading day at 181 94.

From a technical standpoint nvidia stock broke down from trendline. Nvidia stock is falling. Nvda stock continues to move up pushing its sky high valuation even higher since my last article on the company a month ago it has risen 49 69 to 543 61 as of oct. The stock started diving quickly making its way to the red.

However it serves as a jarring wake up call because nvidia stock has plummeted to just about half of its peak value earlier in this year and is well below its average. Nvda fell 3 82 in today s trading session at 11 39 am edt. A falling knife is a slang phrase that refers to a rapid drop in the price or value of a security. Nvidia s stock has risen more than 2x this year and currently trades at 63x projected 2021 earnings nvidia s fiscal year ends in january with 2021 earnings per share expected to come in at.

Plus the s p 500. Nvidia stock fell about 1 26 on september 13. 15 as it issued revenue guidance for the current quarter of 2 7 billion at the midpoint falling massively. The stock s trailing five day one month and 12 month price movements were 1 8 16 6 and 33.

Msi s rtx 2070 for 500. The dow jones industrial average was also down more than 1 1. The stock price fall today comes after nvidia s price decline in the fall where its stock fell 23 billion in a day when it announced the crypto effect.