Shares of NVIDIA Corp. NVDA, -9.24% slid 9.24% to $169.50 Monday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index SPX, -3.20% falling 3.20% to 3,991.24 and Dow Jones Industrial Average DJIA, -1.99% falling 1.99% to 32,245.70. This was the stock’s third consecutive day of losses. NVIDIA Corp. closed $176.97 short of its 52-week high ($346.47), which the company reached on November 22nd.
The stock underperformed when compared to some of its competitors Monday, as Microsoft Corp. MSFT, -3.69% fell 3.69% to $264.58, Intel Corp. INTC, -2.78% fell 2.78% to $43.07, and Texas Instruments Inc. TXN, -1.50% fell 1.50% to $164.94. Trading volume (64.1 M) eclipsed its 50-day average volume of 53.4 M.