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2024-09-30
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2024-08-24
During the year, NVIDIA Corporation's (NASDAQ:NVDA) stock gained 163% in value to its shareholders. Despite the hefty market pullback on August 7th when Nvidia shares dropped to $98, the stock recovered and gained its mid-July range, now priced at $128 per share. At 4.29% of Nvidia shares held by all insiders, CEO Jen Hsun (“Jensen”) Huang sold around $1.4 billion worth of NVDA shares since 2020. The bulk of sales concentrated during this summer at over $500 million. Alongside Jensen, insider sales amounted to 7.2 million shares over the last six months against the 1.3 million NVDA shares bought, giving a lopsided insider sale-to-purchase ratio of 5.5. Given strong recession signals going into 2025, should investors expect further selloffs after Nvidia’s next earnings report on August 28th
avatarguicostalp
2024-08-19

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