MidnightTrader Analyst Play: Nvidia Corporation
Nvidia
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NVDA |
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PowerRating) closed up on Thursday 2.5% at 24.85, just paring the 3.5% pre-market gain, to around 25.09, hit after Goldman Sachs raised its rating on the stock to Buy from Neutral.
NVDA tends to favor regular session narrowing of its pre-market analyst-driven movement, having cut back its early day performance by the regular session close in five of the last seven rating changes we’ve tracked, including today.
6/5/08 Pre-Market: +3.5% at 25.09; 6/5/08 Regular Session: +2.5% at 24.85 – Goldman Sachs raises rating to Buy vs Neutral.
1/15/08 Pre-Market: -3.8%; 1/15/08 Regular Session: -6.5% – Deutsche Bank cuts rating to Hold vs. Buy.
10/29/07 Pre-Market: -3.8%; 10/29/07 Regular Session: -2.9% – Lehman downgrade to Equalweight from Overweight.
10/11/07 Pre-Market: -1%; 10/11/07 Regular Session: -5% – ThinkEquity downgrades to Accumulate from Buy.
9/25/07 Pre-Market: -1%; 9/25/07 Regular Session: +1% – UBS initiates with Neutral rating.
6/25/07 Pre-Market: -2.8%; 6/25/07 Regular Session: -2.4% – Goldman Sachs downgrade to Neutral from Buy.
6/21/07 Pre-Market: +9%; 6/21/07 Regular Session: +8.7% – Lehman Bros. upgrade to Overweight from Equalweight.
Brooks McFeely is widely regarded as the leading expert on extended-hours trading. He is a Managing Partner for Brochet Capital Partners, LP and the founder of Midnight Trader, Inc. (www.midnighttrader.com), the leading provider of pre-market and after-hours trading analysis and news to retail and institutional investors.