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NVIDIA executives sold off a total of US$180 million

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2023-12-05 12:31:35844browse

According to data compiled by Washington Service Company, according to news from this site on December 5, last month, Nvidia executives and directors submitted documents showing that they had sold or planned to sell approximately 370,000 Nvidia shares, worth approximately $180 million. If all of these shares end up being sold, it would be the largest single-month sell-off in dollar terms in at least six years.

It’s worth noting that Nvidia’s stock price has started to trend lower recently after more than tripling in 2023 . The company's shares have fallen about 6% since Nov. 21.

Despite the outstanding performance of the company's stock, the executives' cash-out behavior has aroused market doubts. Data shows Nvidia insiders haven't made any stock purchases since 2020, making the sell-off even more notable. Executives involved in the selloff include director Mark Stevens, executive vice president of operations Debora Shoquist and Dawn Hudson, who joined the board of directors in July.

In the past month, we have noticed that Zuckerberg, the founder and CEO of Meta, has frequently sold stocks. A total of more than 682,000 shares were sold, and the liquidated funds exceeded US$185 million

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