Nvidia directors sold 99,000 shares worth about $80 million last week.
Nvidia's insider stock sale last week was the most in a month since SeptemberNEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily.
Last week, Nvidia directors sold 99,000 shares worth about $80 million, according to the Santa Clara-based company's Form 4 filings with the US Securities and Exchange Commission.
The share disposals by Nvidia directors were made in the days following Nvidia's earnings beat in the fourth quarter, sending the stock to its record high.
Nvidia's stock surge has also made Huang one of the richest people in the world.
Persons:
—, Jensen Huang, Huang
Organizations:
Nvidia, Service, US Securities and Exchange Commission, Bloomberg, Washington Service
Locations:
Santa Clara