Nvidia sinks 2% after executing 4-1 stock split

Tuesday, 20. July 2021 15:33

The shares of Nvidia Corp. plunged nearly 2% on Tuesday following the opening bell as the company executed a 4-1 stock split in an effort to make investing more accessible for individuals and company employees.

In its first-quarter earnings announcement, the tech giant reported as much as 84% increase in revenue surpassing market estimates. The next results release is scheduled for mid-August.

Nvidia's stocks lost 1.93% to trade for $183.88 per share at 9:35 am ET.

Related Links: NVIDIA Corporation
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Breaking the News / ND