NVIDIA CEO Jensen Huang sold nearly 6 million shares of stock worth about $700 million in the past three months

Zhitong
2024.09.18 11:57

The latest data shows that as of mid-September, NVIDIA CEO Jensen Huang has sold nearly 6 million shares of the company's stock in the past three months, worth about $700 million. Over the past few months, Jensen Huang has been consistently selling NVIDIA stock. From June 13th to mid-September, he sold 120,000 shares of stock every trading day. During this period, Jensen Huang sold nearly 6 million shares of stock, valued at about $700 million based on NVIDIA's current stock price. It is clear that these sales are planned to avoid his personal financial burden due to NVIDIA's stock performance. However, continuous insider selling may lead some to believe that NVIDIA's business has peaked. Analysts point out that CEO stock sales do not necessarily indicate that a company has reached its peak