Nvidia CEO Jensen Huang Sold $296 Million of His Company's Stock in July. Should Investors Be Worried?
Investors love to see key company insiders buying stock. It indicates they have confidence in the company's future. On the other hand, when insiders sell it can cause concerns that maybe they know something that outsiders don't.
That leads me to Nvidia (NASDAQ: NVDA). The GPU maker's CEO, Jensen Huang, sold $296 million of Nvidia stock in July. Should investors be worried?
Huang didn't trim his stake in Nvidia once or twice in July. He sold Nvidia shares 20 times during the month. There were only two trading days when he didn't sell any shares.
Source Fool.com