Q: The last few days Prl hit new high after new high and then retreated same day. Today Nvda hit intra day ATH of $140.89,then dropped back to close at $ 136.58 & the other day reached $139.60(close to $140+high) before retreated. Please advise the meaning of above 2 actions.Txs for U usual great views & services
5i Research Answer:
There is not always meaning behind share price movements. New highs can bring out some profit-takers at times. The Nasdaq market went from +1% to flat intra-day. We would not read anything into these moves.
Authors of this answer, directors, partners and/or officers of 5i Research and/or affiliated companies have a financial or other interest in NVDA.