Reported 8 months ago
Huang Renxun sold shares last week, causing Nvidia's stock price to drop by 6.7% on the 24th, marking a 13% total decline over three consecutive trading days and entering a correction phase. The company's market value also decreased by approximately $430 billion, the biggest three-day market cap drop in history. Despite the recent decline, Nvidia's stock price has surged nearly 140% this year, ranked 2nd in the S&P 500, following Super Micro Computer. Huang disclosed selling 720,000 Nvidia shares between June 13-21, totaling $94.6 million at an average price of $131.44 per share, as part of a pre-arranged sale that was previously scheduled on March 14.
Source: YAHOO