After-Hours Volume Surge: NVIDIA (NVDA)

Posted in after-hours 
July 2nd, 2008

NVIDIA Corp. (NASDAQ: NVDA) just re-opened for trading after its stock had been halted.  An earnings warning was the reason, but some of the reasons for such a large warning were not really as widespread in the sector as the company said.  Shares were already weak with a near-4% drop to $18.03, just above its 52-week lows of $17.31.  After-hours is looking REALLY UGLY though.  We have new 52-week lows galore that are actually about two-year lows.  At 5:10 after only about 5 minutes of being re-opened we have seen a monster drop of over 20% to $13.85…..

Goodbye to you NVIDIA…..

Jon Ogg

July 2, 2008

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