Investing Insights into Nvidia: Record Insider Stock Sales in 2024
Record Amount of Nvidia Stock Sold by Insiders
The past year has seen a surge in Nvidia stock sales by insiders, totaling over $1.8 billion in 2024. This unprecedented level of selling, resulting in nearly 11 million shares changing hands, has raised eyebrows and concerned investors.
Details of Insider Sales
- CEO Jensen Huang sold over $700 million worth of NVDA shares.
- Mark Stevens, a board member, recently sold stock valued at $4,840,356.
- Other notable sellers include Tench Coxe, Colette Kress, and Donald Robertson.
Investor Concerns
Despite record sales, there is speculation that these executives may sell even more shares soon, creating fear regarding Nvidia's short-term outlook.
Nvidia's Stock Performance
Nvidia's stock has fluctuated throughout 2024, bouncing back recently but facing challenges due to potential antitrust investigations and competition in the AI sector.
The Future of NVDA Stock
Experts predict a possible breakout above $150 by December, with bullish sentiment reflected in recent price movements. However, risks remain as the stock could drop to critical support levels if momentum wanes.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.