The NASDAQ volume leaders for Wednesday included: Micron Technology (MU), Intel Corporation (INTC), Microsoft Corporation, (MSFT), Cisco Systems Inc. (CSCO), and Nvidia Corporation (NVDA).
Micron Technology (MU) led all NASDAQ trading companies in volume on Thursday with 69,307,799 shares trading hands, nearly twice their average. Despite the spike in trading volume shares in MU dipped 3.83% on the day to close at 9.93. Micron Technology, which engages in the manufacture and marketing of semiconductor devices worldwide, slipped further behind their 50-day moving average of 10.26 yet still remains above their 200-day moving average of 8.49.
Intel Corporation (INTC) closed the day with volume of 69,115,588, significantly higher than its average of 56,140,800 and good enough to be the second most active stock on NASDAQ on Thursday. Shares closed at 20.79 on the day, down 1.93% and the company which designs, manufactures, and sells integrated circuits for computing and communications industries worldwide, is trading below their 50-day moving average of 21.26 and 200-day moving average of 20.26.
Microsoft Corporation (MSFT) finished the day with volume of 66,545,029, surpassing its average of 57.3 million. The company slipped 1.85% on the day to close at 25.41. MSFT, which develops, manufactures, licenses, and supports a range of software products and services for various computing devices worldwide, remains below its 50-day moving average of 27.42 and its 200-day moving average of 25.73.
Cisco Systems Inc. (CSCO) saw heavy trading on Thursday with volume hitting 63,924,011 yet that was down more than 6 million from its average. With the lower volume shares fell 1.10% on the day at 17.92. CSCO, which designs, manufactures, and sells Internet protocol (IP)-based networking and other products related to the communications and information technology industry worldwide, remains below its 50-day moving average of 20.08 as well as its 200-day moving average of 21.48.
Nvidia Corporation (NVDA) shares fell 6.37% on Thursday to close at 17.92 following volume of 43,033,984, almost 14 million more than its average. NVDA, which provides visual computing technologies that generate interactive graphics on workstations, personal computers, game consoles, and mobile devices, has fallen further behind their 50-day moving average of 21.88 but they remain ahead of their 200-day moving average of 14.16.
