Nvidia CEO Continues to Sell Shares. Should Investors Follow Suit?
Nvidia (NASDAQ: NVDA) CEO Jen-Hsun Huang has been selling shares of his company's stock over the past two months, including 840,000 shares last week worth $59.3 million. The CEO has taken advantage of the stock's huge rise in share price, which has more than doubled this year and is up an astronomical 2,700% over the past five years.
Let's take a closer close at the recent sales of Nvidia by executives and whether investors should follow suit.
Huang's disposal of Nvidia shares last week continues a pattern of him selling the stock in recent months. Since June, Huang has sold 2.88 million shares of Nvidia while also gifting another 445,000 shares.
Source Fool.com
