The CEO of Nvidia has today filed to sell an additional $27.57 million worth of company shares amidst this challenging period for the company and stocks under pressure due to, amongst other reasons, softening investor expectations.
This sale of shares comes after Huang has already sold multiple loads of shares since the end of August at share prices ranging from $107 to $121 per share but it’s important to remember that this is not a sudden and unexpected move. This was a predetermined trading plan which investors were informed about in March of this year. Keep in mind the relativity of this in comparison to the steak in the company that he still owns, somewhere over $90 billion. So this, in the grand scheme of things is not a massive move in relation to his overall holding but will of course add to the dip in all probability that we are currently seeing.
This breaking post has been brought to you as news just received. E&OE.
