Reported 8 months ago
NVIDIA's CEO, Huang Renxun, recently sold 720,000 shares of NVIDIA stock, cashing out over $90 million as NVIDIA's stock price soared by 156% this year. Huang Renxun and other chip company CEOs, including Micron and Qualcomm, took advantage of the booming stock market to sell their own company stocks. While NVIDIA's stock price fell by 2.4% to $123.52 on June 24th, Huang Renxun plans to sell up to 600,000 shares before March next year. Micron CEO Sanjay Mehrotra sold 457,280 shares, making $52 million, and Qualcomm CEO Cristiano Amon sold 40,500 shares, making $6.9 million. Coherent's former CEO, Vincent D. Mattera Jr., also sold 15,000 shares, cashing out $846,700.
Source: YAHOO