Market Analysis: Insiders Sell NVDA Shares


According to MarketWatch, Mark Stevens, an Nvidia board member, sold 118,602 NVDA shares in the Friday and Tuesday trading sessions, raising over USD 50 million.

Earlier it became known about the sale of shares of 2 more top managers of Nvidia:
→ Tench Coxe announced a USD 21 million share sale, having sold USD 38 million worth of shares earlier this month.
→ Harvey Jones sold over USD 48 million worth of shares last week after selling over USD 28 million worth of NVDA shares earlier this month.

Are Nvidia executives rushing to get rid of stocks with insider information that could bring down their price?

Hardly. Top executives continue to own hundreds of millions of dollars worth of stock, but have likely decided to partially take profits after a sharp rally in Nvidia's stock, which soared 195% this year amid the hype around AI. Perhaps Mark Stevens and colleagues see growing chances for NVDA stock price to correct from the upper line of the ascending channel into the gap area (shown in purple).

Buy and sell stocks of the world's biggest publicly-listed companies with CFDs on FXOpen’s trading platform. Open your FXOpen account now or learn more about trading share CFDs with FXOpen.

This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

Latest from Shares

NVDA Share Price Soars 11% after Report TSLA Share Price Rises Sharply amid News of Musk's Increased Stake in the Company AMZN Share Price Rises Nearly 8% after Report AAPL Share Price Falls 3% After Report Meta Share Price Soars to Record Thanks to First-ever Dividend

Latest articles


Nvidia's Successes Helps S&P 500 Price Reach Its All-time High

Yesterday, the price of the S&P 500 stock index rose to record closing highs on Thursday. Moreover, such a growth rate (+2.11% per day) has not been observed for 13 months. Reasons for Extremely Bullish Sentiment: → Nvidia's

Forex Analysis

Market Analysis: AUD/USD and NZD/USD Grind Higher Steadily

AUD/USD is moving higher and might rally if it clears 0.6600. NZD/USD is also rising and could extend its increase above the 0.6220 resistance zone. Important Takeaways for AUD/USD and NZD/USD Analysis Today· The

Forex Analysis

Commodity Currencies Strengthen after the FOMC Minutes Publication

The fundamental data of recent trading sessions contributed to a slight strengthening of commodity and European currencies. Thus, the AUD/USD pair, after forming a bullish engulfing combination, managed to confidently gain a foothold above 0.6500. The pound/US

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65.68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.