High-level cash out: NVIDIA CEO Jensen Huang sells $30.6 million in stocks
According to a document from the U.S. Securities and Exchange Commission, NVIDIA CEO Jensen Huang sold $30.6 million worth of stock this week. Huang sold on July 15th and 16th at prices ranging from $126.34 to $130.34. Huang still holds approximately 78.7 million shares of NVIDIA. The document stated, "The reported transactions were conducted pursuant to a 10b5-1 trading plan adopted by the reporting person on March 14, 2024." Previously, Huang sold $30.7 million of stock between July 5th and July 8th, and $169 million of stock in the last week of June. NVIDIA fell 6.6% on Wednesday to $117.99. This is part of a broader semiconductor industry downturn, with previous reports suggesting that the U.S. government may further restrict exports in the industry. NVIDIA's current market value is $2.9 trillion, dropping below $3 trillion
According to a document from the U.S. Securities and Exchange Commission, Jensen Huang, CEO of NVIDIA (NVDA.US), sold $30.6 million worth of stock this week.
Huang sold on July 15th and 16th at prices ranging from $126.34 to $130.34. He still holds approximately 78.7 million shares of NVIDIA.
The document stated, "The reported transactions were conducted pursuant to a 10b5-1 trading plan adopted by the reporting person on March 14, 2024."
Previously, Huang sold $30.7 million worth of stock between July 5th and 8th, and $169 million worth of stock in the last week of June.
NVIDIA fell 6.6% on Wednesday to $117.99. This is part of a broader semiconductor industry downturn, with previous reports suggesting further export restrictions by the U.S. government on the industry.
NVIDIA's current market value is $2.9 trillion, dropping below $3 trillion