$NVIDIA(NVDA)$ can buy again. Just wait
Jensen Sells Stock Again: Will Nvidia Repeat August Trend?
Nvidia reported revenue of $44.1 billion for the first quarter, a 69% year-over-year increase. Analysts had expected $43.29 billion, while Nvidia's own guidance was in the range of $42.14 billion to $43.86 billion. In the previous quarter, revenue had grown 78% year-over-year.
However, in the 10-Q filing submitted on Wednesday, it was disclosed that Nvidia CEO Jensen Huang plans to sell up to 6 million shares of stock.
Is CEO stock sale a bad signal?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments