NVDA - Nvidia CEO Jensen Huang Sold $169 Million in Stock During the First Half of 2024. Time to Worry?
2024-07-14 05:00:00 ET
The stock leading the markets up this year, and really for the past two years, has been Nvidia (NASDAQ: NVDA) , which briefly became the most valuable company in the world in June before falling back to its close third-place position.
As the stock made new highs, Nvidia CEO Jensen Huang, along with other Nvidia insiders, sold a substantial amount of stock in June -- and have continued selling this month. So, how should current Nvidia shareholders take these sales, and should they be worried?
In June, Huang sold 1.3 million shares of Nvidia, bringing in $169 million worth to his personal wealth. The June sales were Huang's first sales of the year. In addition, other insiders sold $700 million worth of stock.
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Nvidia CEO Jensen Huang Sold $169 Million in Stock During the First Half of 2024. Time to Worry?