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$NVDA Drops 16% from All-Time High, Worst Three-Day Performance Since Dec 2022, Losing $450 Billion in Market Cap

Jun 24, 2024, 02:52 PM

$NVDA has experienced a significant decline, dropping 12% over the last three days, marking its worst three-day performance since December 2022. The stock is now down 16% from its all-time high three days ago, and it has fallen below the price it was at during its 10-1 split. This drop has resulted in a $450 billion reduction in market cap. The stock is currently at its 21-day EMA, with potential support at the 50SMA level of $101. A substantial liquidation occurred at $120, with over a million shares transacted. A big flush of -6% was observed, coinciding with the expiration of gamma on Friday.