Unpacking Jensen Huang's Continued Sales of Nvidia Stock Amid NVDA Price Fluctuations
Jensen Huang's Stock Sales Explained
In a surprising move, Nvidia CEO Jensen Huang has recently sold millions in NVDA shares, totaling over $711 million since June. This raises questions about the future of Nvidia stock, especially as many analysts are eyeing potential pitfalls.
The Recent Sales
Just last week, Huang sold another 240,000 shares worth approximately $25 million, bringing his total sales for the week to over $78 million. According to market analytics from Barchart, Huang’s recent activity is part of a Rule 10b5-1 plan, which allows him to sell up to 6 million shares by March 2025.
- First sale: September 3
- Second sale: September 5
- Most recent sale: September 9
Currently, Huang owns about 861.5 million shares, which is roughly 3.5% of Nvidia's total stock.
Market Reaction and Insights
The latest Nvidia stock price is currently $119.34, up 2.77% for the day, indicating some resilience. However, market traders are pointing to a potential 3-month pullback that could shake investor confidence.
- Recent gains last week: 15.05%
- Monthly increase: 3.19%
- YTD growth: 148.80%
Nvidia's market cap recently saw a loss of $400 billion, affecting related stocks and setting a challenging tone for the sector.
Future Projections
Despite Huang's actions, there are still strong projections for Nvidia, with expectations of over $3 billion in revenue for fiscal Q4 due to the upcoming launch of Blackwell products. Analysts remain hopeful for Nvidia stock recovery moving forward.
While Jensen Huang's stock movements might give mixed signals, it’s essential to consider the broader market implications and Nvidia's strategic positioning.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.