Nvidia (NVDA) finally began trading at a price adjusted for the stock’s announced 4 for 1 split.
At the close the shares traded at $194.10, a gain of $7.98 a share (or a pre-split $31.92 gain), up 4.29% on the day.
The solid move higher bodes well for Nvidia’s future price trend since it argues that there are a significant number of investors who still want to climb on board.
The company next reports earnings on August 18.
The stock is up 43.5% since I added it to my long-term 50 Stocks Portfolio on October 21, 2020.
Tomorrow I will be adding Nvidia to my “Millennial Portfolio–for investors with more time than money” on my subscription JubakAM.com site.
Full disclosure: I own shares of Nvidia in my personal portfolios.