Pre-Market Activity Shows Gains For NVIDIA (NVDA)

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer.

Trade-Ideas LLC identified NVIDIA ( NVDA) as a pre-market leader candidate. In addition to specific proprietary factors, Trade-Ideas identified NVIDIA as such a stock due to the following factors:

  • NVDA has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $175.1 million.
  • NVDA traded 13,924 shares today in the pre-market hours as of 9:18 AM.
  • NVDA is up 2.4% today from yesterday's close.

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More details on NVDA:

NVIDIA Corporation operates as a visual computing company in the United States, Taiwan, China, the rest of Asia Pacific, Europe, and other Americas. The company operates through two segments, GPU and Tegra Processors. The stock currently has a dividend yield of 1.9%. NVDA has a PE ratio of 18. Currently there are 6 analysts that rate NVIDIA a buy, 3 analysts rate it a sell, and 12 rate it a hold.

The average volume for NVIDIA has been 8.0 million shares per day over the past 30 days. NVIDIA has a market cap of $11.3 billion and is part of the technology sector and electronics industry. The stock has a beta of 1.56 and a short float of 10.1% with 5.53 days to cover. Shares are up 5.1% year-to-date as of the close of trading on Tuesday.

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