Nvidia Shares Fall 7% on Short-Seller’s Warning

ENLARGE Nvidia Corp. displayed its Drive PX 2 computer at the 2016 CES trade show in Las Vegas in January. On Wednesday, the company’s stock fell 7% after a short seller said the shares were overvalued. Photo: Steve Marcus/Reuters By Ted Greenwald Dec. 28, 2016 6:59 p.m. ET 1 COMMENTS Shares of Nvidia Corp., whose upward trajectory made it one of the best performers in the S&P 500 this year, fell 7% on Wednesday after a noted short seller warned on its Twitter account that the stock was overvalued. Citron Research, known for its reports targeting companies it believes are overvalued, sent a tweet at roughly 9 a.m. Eastern time with a text attachment listing six weaknesses of the stock “that NVDA (Nvidia) Shareholders are Discounting.” The critique included Nvidia’s lack of growth…

Link to Full Article: Nvidia Shares Fall 7% on Short-Seller’s Warning

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