Monday, March 6, 2017

NVIDIA Slipped Into A Bear Market This Morning (NVDA)

From MarketWatch:
Nvidia Corp.'s stock NVDA, -2.05% sank briefly into bear market territory in midday trade Monday, before bouncing back out of it, but was still on course to close at a three-month low. The stock dropped as much as 3.3% to an intraday low of $95.17, which was 20.1% below the Feb. 7 record close of $119.13. Many on Wall Street define a bear market as a 20% decline on a closing bases from a significant peak, that followed a rally of at least 20% off a previous significant low. The stock was down 2.8% at $95.65, or 19.7% below its record close. If it closed at or below $95.30, it would trigger the stock's first bear market in 13 months....MORE
$96.41 last, down $2.02 (-2.05%) with the day's low at $95.17