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Nvidia executives sold off, cashing out a total of $180 million

2024-07-21 Update From: SLTechnology News&Howtos shulou NAV: SLTechnology News&Howtos > IT Information >

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Shulou(Shulou.com)12/24 Report--

CTOnews.com, December 5 (Xinhua)-- according to data compiled by the Washington Service, Nvidia executives and directors filed last month that they have (or plan) to sell about 370,000 shares of Nvidia, worth about $180 million. If all the shares are eventually sold, it will be the largest monthly sale in dollar terms for at least six years.

Notably, Nvidia's share price has recently begun to fall after more than tripling in 2023. The company's shares have fallen about 6% since November 21.

Despite the excellent performance of the company's shares, the cash-out behavior of executives has aroused doubts in the market. The data show that Nvidia insiders have not made any stock purchases since 2020, making the sell-off all the more striking. Executives involved in the sell-off include director Mark Stevens, Debora Shoquist, executive vice president of operations, and Dawn Hudson, who joined the board in July.

In addition, CTOnews.com noted that Zuckerberg, founder and CEO of Meta, has sold shares in high frequency over the past month. A total of more than 682000 shares were sold and the realised capital exceeded 185 million US dollars.

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