Insider Selling Warning? Two Directors of NVIDIA Just Cashed Out $194 Million
Two board members of NVIDIA, Mark Stevens and Tench Coxe, sold a total of $194 million in stock, triggering internal trading alerts. As of June 11, NVIDIA's stock price fell by 0.78%, closing at $142.83 per share, with a market capitalization of $3.49 trillion. The stock has risen over 45% since its low in April
On June 12, Barchart, a well-known financial data and market information platform in the United States, posted on social media X that there was an insider trading alert for NVIDIA, as the second and third largest individual shareholders, Mark Stevens and Tench Coxe, had just sold a total of $194 million worth of NVIDIA shares. They are also members of NVIDIA's board of directors.
As of the market close on June 11, NVIDIA fell 0.78% to $142.83 per share, with a market capitalization of $3.49 trillion. NVIDIA surged nearly 24% in May, and since hitting a low in April, the stock has risen over 45%.
