Insider Trading in NVDA Stock: A Profitable Venture
The AI revolution led to substantial profits for Nvidia (NASDAQ: NVDA), and the same can be said for NVDA stock traders, particularly insiders who acquired shares at lower prices or as gifts from the company. This resulted in significant profits of up to 100% for these insiders.
Insider Activity in NVDA Stock in 2024
In 2024, NVDA stock experienced heavy insider activity, with numerous transactions taking place. Board of Directors member Dawn Hudson, for instance, sold 20,000 NVDA shares on May 28 at an average price of $1,079.41, generating a profit of $21.5 million.
- This sale reduced Hudson’s ownership of NVDA stock by almost 30% compared to her previous sale in December 15, where she held 70,500 shares.
The Largest Insider Sale of NVDA Stock in 2024
Director Tench Coxe conducted the most significant insider sale of NVDA stock in 2024, selling 200,000 shares on March 5 for a profit of $170 million. This sale accounted for nearly half of the total profits from insider sales in 2024, which amounted to approximately $375 million.
- Considering the remarkable performance of NVDA stock in 2024, with its price soaring from $481 on January 1 to $1,105 on May 30, an increase of almost 130%, it’s understandable why insiders chose to capitalize on their holdings.
Hot Take: Seize the Opportunity in NVDA Stock Today!
With insider trading in NVDA stock proving to be a lucrative venture in 2024, it’s essential to stay informed about such activities in the market. Keep a close eye on insider transactions and their impact on stock prices to make informed investment decisions and potentially reap significant profits.
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