Justin Sullivan
Interactive Brokers (IBKR) said Nvidia’s (NASDAQ: NVDADespite range-bound share prices, stocks and options continued to attract investors on its trading platform over the past week.
The artificial intelligence chip maker (NVDA) once again tops IBKR’s weekly list 25 most active symbols. A list released on Tuesday shows Nvidia (NVDA) in the past 5 working days, its stock and options total trading volume was 656,600. The stock’s net trading volume on the platform was 79,700.
IBKR chief strategist Steve Sosnick noted that net buying activity persisted “even as stock prices fluctuated.” “Even if it goes another week and there’s net buying in all stocks except the 25th, there’s nothing even close,” he said.
No. 25 is occupied by Regis (RGS). “The micro-cap chain of hair salons has seen its share price quadruple after refinancing its debt last week,” Sosnick said.
Nvidia stock (NVDA) recently briefly became the world’s largest publicly traded company, with a market capitalization of $3.35, and has since retreated. The stock has fallen about 2% over the past week, but is still up 151% year to date.
Meanwhile, GameStop (GME) and Chewy (CHWY), favorites of high-profile individual investor Keith Gill (aka Roaring Kitty), rank at Nos. 16 and 23, respectively, on IBKR’s list. Sosnick said buy-side activity was only modest, and the list rankings may indicate that IBKR’s clients view the names as “trading vehicles rather than investment vehicles.”
See below for complete data on the IBKR 25 most active list:
