TradingKey – On November 12, Eastern Time, Nvidia (NVDA) shares experienced sharp volatility following the sudden resignation of CEO Jensen Huang. NVDA gapped down sharply at the open and touched an intraday low of $148.80, down roughly 14% from the prior session at one point, before staging a marked rebound to ultimately close at $166.19, down 4.34%. Full-day trading volume reached approximately 748 million shares, expanding significantly from recent average levels.
On November 12, Nvidia officially announced that co-founder Jensen Huang resigned as president, CEO, and director, effective immediately. The company’s current CFO, Colette Kress, has been named interim CEO, and the board has initiated a search process for a permanent CEO….
