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Thursday, October 03, 2024 2:55:15 PM
"Nvidia Insider Share Sales Top $1.8 Billion and More Are Coming"
"Nearly 11 million shares have been sold by Nvidia executives and directors in 2024, the most in a year since at least 2020 after adjusting for stock splits, according to data compiled by the Washington Service.
It represents a tiny percentage of the company’s 24.5-billion outstanding shares, but the sales are coming at a time when investors are already on edge about Nvidia’s delayed Blackwell chips and the longevity of artificial intelligence-related spending.
More sales are planned.
While Chief Executive Officer Jensen Huang recently completed the sale of 6 million shares under a pre-arranged trading plan, a trust controlled by director Mark Stevens has filed to sell 3 million additional shares, on top of the 1.6 million he sold this year prior to that filing..."
https://finance.yahoo.com/news/nvidia-insider-share-sales-top-112931175.html/
"Nearly 11 million shares have been sold by Nvidia executives and directors in 2024, the most in a year since at least 2020 after adjusting for stock splits, according to data compiled by the Washington Service.
It represents a tiny percentage of the company’s 24.5-billion outstanding shares, but the sales are coming at a time when investors are already on edge about Nvidia’s delayed Blackwell chips and the longevity of artificial intelligence-related spending.
More sales are planned.
While Chief Executive Officer Jensen Huang recently completed the sale of 6 million shares under a pre-arranged trading plan, a trust controlled by director Mark Stevens has filed to sell 3 million additional shares, on top of the 1.6 million he sold this year prior to that filing..."
https://finance.yahoo.com/news/nvidia-insider-share-sales-top-112931175.html/
I can only provide my own speculation and theories. Everything I post is my own opinion and not financial advice. I am not a financial advisor. Perform your own Due Diligence.
