Posted 4/11/2024, 2:42:00 PM
Tech and Retail Stocks See Varied Movement - Nvidia Rebounds While Regeneron Drops, Costco Announces Dividend Hike
- Nvidia (NVDA) tested the 10-week moving average near 841 and is trying to erase losses for the week. Shares gained as much as 14 points to 884.96.
- Alphabet (GOOGL) continued to move past a fresh buy point of 153.78 in a nine-week base. The stock is in the buy zone up to 161.47.
- Costco Wholesale (COST) announced a quarterly dividend hike of 14 cents to $1.16 per share. A new base is forming.
- Regeneron Pharmaceuticals (REGN) dropped more than 2% to its lowest level since mid-January, losing key support levels.
- The Dow Jones Industrial Average bore the brunt of the early-morning selling, down 0.6% to 38,221.