Now, what was a $750 stock on Monday has a price tag of just $185 per share.īut it’s about to get even cheaper than that.
A single share for $800-plus? Not many individual traders want to fork over that much cash. The main reason behind the split is to make the stock more accessible to average traders. Last quarter, impressive earnings boasting over 88% year-over-year revenue growth sent shares all the way to $835.
I mean, it’s had an incredible run over the past six months. Investors liked NVDA heading into the split. That means that what was one share of NVDA on Monday is now equal to four shares – giving investors three extra pieces of the pie. (Nasdaq:NVDA) underwent a four-for-one stock split. Watch the full episode in the clip below, or click here to watch.Yesterday morning, NVIDIA Corp. When a stock hits one of his pivot points he initiates a buy order with a tight stop loss. Green mostly executes quick day trades, both on the long and short side. “SPCE came down right to our pivot levels at $27.60, I would be fine owning stock at that price which is why we sold puts right at that level,” Green said. Additionally, Green explained that he was long Virgin Galactic Holding Inc (NYSE: SPCE), via selling puts. Green also said he was long Roblox Corp (NYSE: RBLX), saying the stock was tough to trade, but that he liked it at current levels (around $75 a share). “It looks like a better buy than a sell right now,” Green said. Green also discussed GameStop Corp (NYSE: GME), saying that he was not willing to short the stock at current levels. The show airs Monday-Wednesday at 9:25 am ET on BenzingaTV. Live Trading With David Green is a morning trading show in which David live trades the open on Benzinga. “We will get a lot of action once we have earnings coming out.” The stock will undergo a 4-for-1 stock split Tuesday morning.ĭavid Green, host of Live Trading With David Green on Benzinga, pointed out the strong trend in NVIDIA's stock on Monday's show. The stock opened $10 lower on Monday morning but quickly ripped higher by 6% in the first 90 minutes of trading. Veteran trader David Green pointed out the strength of NVIDIA Corporation (NASDAQ: NVDA) Monday morning.
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