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3 Notable Runners: NVIDIA Corporation (NVDA), Fitbit, Inc. (FIT), Northstar Asset Management Group Inc. (NSAM)

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NVIDIA Corporation (NVDA) failed to extend gains with the stock declining -0.76% or $-0.81 to close the day at $106.47 on higher than average trading volume of 21.98M shares, compared to its three month average trading volume of 16.37M. The Santa Clara California 95050 based company has been outperforming the semiconductor – specialized companies by 58.6498% for last three months and its recent gains have offset losses to -0.25% YTD, versus the semiconductor – specialized industry which is up 0.64% for the same period. The RSI of 59.42 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.

NVIDIA Corporation operates as a visual computing company worldwide. It operates in two segments, GPU and Tegra Processor. The GPU segment offers processors, which include GeForce for PC gaming; Quadro for design professionals working in computer-aided design, video editing, special effects, and other creative applications; Tesla for deep learning, accelerated computing, and general purpose computing; and GRID for cloud-based streaming on gaming devices. The Tegra Processor segment provides processors that integrate a computer onto a single chip under the Tegra brand name; DRIVE automotive computers, which offer supercomputing capabilities; and tablet and portable devices for mobile gaming under the SHIELD name. The company’s products are used in gaming, professional visualization, datacenter, and automotive markets. It sells its products primarily to original equipment manufacturers, original design manufacturers, system builders, motherboard manufacturers, add-in board manufacturers, and retailers/distributors. The company has a collaboration with ZENRIN to develop a cloud-to-car HD map solution for self-driving cars. NVIDIA Corporation was founded in 1993 and is headquartered in Santa Clara, California.

Fitbit, Inc. (FIT) had a active trading with around 21.89M shares changing hands compared to its three month average trading volume of 11.11M. The stock traded between $7.3 and $7.74 before closing at the price of $7.33 with -5.91% change on the day. The San Francisco California 94105 based company is currently trading 1.81% above its 52 week low of $7.2 and -66.1% below its 52 week high of $20.48. Both the RSI indicator and target price of 40.77 and $10.63 respectively, lead us to believe that it should be put on hold over the coming weeks.

Fitbit, Inc. provides wearable health and fitness tracking devices. It offers various products, including Fitbit Zip, an entry-level wireless tracker that allows users to track daily activity statistics, such as steps, distance, calories burned, and active minutes; Fitbit One, a clippable wireless tracker, which tracks floors climbed and sleep, as well as daily steps, distance, calories burned, and active minutes; Fitbit Flex, a wristband-style tracker that tracks steps, distance, calories burned, active minutes, and sleep; and Fitbit Charge, an activity and sleep wristband, which tracks steps, distance, calories burned, active minutes, floors climbed, and sleep. The company also provides Fitbit Alta, a customizable wristband that offers call, text, and calendar notifications when paired with the user’s phone and SmartTrack automatic exercise recognition; and Fitbit Charge HR, a wireless heart rate and activity wristband. In addition, it offers Fitbit Blaze, a smart fitness watch that provides multi-sport functionality, tracks outdoor cycling activity, and provides run cues; Fitbit Surge, a fitness watch that features a GPS watch, heart rate tracker, activity tracker, and smartwatch; Aria, a Wi-Fi connected scale that tracks weight, body fat percentage, and body mass index; and Fitbit accessories that include bands and frames for Fitbit Blaze, bands for Fitbit Alta, colored bands for Fitbit Flex, colored clips for Fitbit One and Fitbit Zip, device charging cables, wireless sync dongles, band clasps, sleep bands, and Fitbit apparel. The company offers its products through consumer electronics and specialty retailers, e-Commerce retailers, sporting goods and outdoors retailers, and wireless carriers; and corporate wellness channels, as well as directly worldwide. The company was formerly known as Healthy Metrics Research, Inc. and changed its name to Fitbit, Inc. in October 2007. Fitbit, Inc. was founded in 2007 and is headquartered in San Francisco, California.

Northstar Asset Management Group Inc. (NSAM) traded within a range of $15.56 to $16.01 after opening the day at $15.71. The company has seen its stock increase in value by 6.17% so far this year. The stock was up close to 0.96% on active volume in last trading session and closed at $15.84 per share. After the recent gain, the stock is currently holding -1.52% below its 52 week high of $16.08 and 78.49% above its 12-month low of $9.17. The shares are up by over 24.54% in the last three months, and the RSI indicator value of 66.03 is neither bullish nor bearish, tempting investors to stay on the sidelines.

Northstar Asset Management Group Inc. provides asset management and other services in the United States and internationally. It also offers securitization transaction services. The company is based in New York, New York. Northstar Asset Management Group Inc. (NYSE:NSAM) operates independently of NorthStar Realty Finance Corp. as of June 30, 2014.

 

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