Nvidia Corp. insiders have sold shares worth more than $700 million this year as the stock continues to push deeper into record territory amid unrelenting demand for its chips. Executives and directors have unloaded about 770,000 Nvidia shares so far, excluding the effect of the company’s 10-for-1 stock split on June 10 for the sake of comparison. That’s the most in a half year period since the first six months of 2023 when about 848,000 shares were sold, according to data compiled by the Washington Service. The dollar value of this year’s share sales dwarfs that of previous periods given the stock’s 164% gain in 2024. That run has been propelled by an arms race among companies to boost computing power, driving up demand for so-called AI accelerator chips, a market dominated by Nvidia. https://www.bloomberg.com/news/arti...re-sales-top-700-million?srnd=homepage-europe $130,98 -20% = $103,80 target price.
Imagine working for this company in the last 5 to 10 years and getting shares at a discount. Most are millionaires by now I remember a story about how the register clerks at home depot who started there in the 1980s were millionaires from their stock investments ...by late 1990s some making minimum wages were millionaires.....
A 20% drop would be peanuts for nvda to drop but let me say it would be a complete disaster for those long term and brand new investors into nvda stock. When a stock goes vertical the last thing you expect is an inkling of a drop. Even an 87 cents pull back is a world of hurt when all you see is green.
And yet it's up another 3+%. Another day of $100B in market cap gains. One day the doomsayers will be correct but not today.
I'm seeing on social media people actually thinking nvda can trade to 1000-3000 a share in the next 5 yrs... At 1000 a share it would be almost equivalent to the gdp of America At 3000 we are looking at a market cap at nearly 2.5 x the size of the US gdp. These predictions are Ludacris.
I think on the Halftime Report on CNBC there was some analyst who upgraded NVDA to $200. No surprise I guess better to be first than last.
Those insiders have weak hands. ____________________________ Weak Hands: What it Means and how it Works By James Chen, CMT is an expert trader, investment adviser, and global market strategist. What Are Weak Hands? "Weak hands" is a term often used to describe traders and investors who lack conviction in their strategies or lack the resources to carry them out. It also refers to a futures trader who never intends to take or provide delivery of the underlying commodity or index.
I'm sure you have heard stories of individuals who held onto their stock only to see it go to absolute zero.... those who trusted in the company only to see their whole value of their earned investment disappear...... absolutely nothing wrong about selling stock and taking a profit especially if it's the insiders selling 10s of thousands and even millions of shares.
Yes raised it from 140 to 200 I remember when analysts were tripping over each other to raise teslas stock price....fast forward and now as usual they are telling you to hold/sell well after the fact the stock is down over 50% from its highs.... Some have price targets now as low as $15 a share.