NVIDIA Corp. Stock Underperforms Friday When Compared To Competitors
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Shares of NVIDIA Corp. NVDA slipped 4.20% to $145.23 Friday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX rising 1.06% to 3,825.33 and the Dow Jones Industrial Average DJIA rising 1.05% to 31,097.26. This was the stock's fifth consecutive day of losses. NVIDIA Corp. closed $201.24 below its 52-week high ($346.47), which the company reached on November 22nd.
The stock underperformed when compared to some of its competitors Friday, as Microsoft Corp. MSFT rose 1.07% to $259.58, Intel Corp. INTC fell 2.86% to $36.34, and Texas Instruments Inc. TXN fell 3.33% to $148.54. Trading volume (57.6 M) remained 423,234 below its 50-day average volume of 58.0 M.
Data source: Dow Jones Market Data, FactSet. Data compiled July 1, 2022.
(END) Dow Jones Newswires
July 01, 2022 17:12 ET (21:12 GMT)
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