NVIDIA Corp (NASDAQ:NVDA) shares are trading lower on above-average volume Thursday. Several technology names are trading lower amid a rise in yields. The 10-Year Treasury yield was hovering around 2.9% at last check.
Nvidia's average session volume over a 100-day period is about 54 million, according to data from Benzinga Pro. Thursday's trading volume has exceeded 58 million at publication time.
The sharp decline in Netflix Inc (NASDAQ:NFLX) stock following the company's weak quarterly results has also weighed on the tech sector.
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On Wednesday, Deutsche Bank analyst Ross Seymore maintained Nvidia with a Hold rating and lowered the price target from $285 to $255, citing concerns over a potential cyclical slowdown.
NVDA Price Action: Nvidia is down nearly 30% over the last month. The stock has traded between $134.59 and $346.47 over a 52-week period.
Nvidia shares were down 6.29% at $201.31 at time of publication.
Photo: courtesy of Nvidia.
