Nvidia Insiders Continue To Sell Shares After Hitting All-Time Highs, $1 Trillion Market Cap: What Investors Should Know
Portfolio Pulse from Chris Katje
Nvidia Corporation (NASDAQ:NVDA) has seen strong interest in its artificial intelligence capabilities, leading to soaring share prices and a $1 trillion market cap. However, several insiders have been cashing out, selling shares in June. Analysts have raised their price targets on Nvidia shares following the company's first-quarter results and second-quarter guidance.
June 16, 2023 | 12:03 am
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Nvidia insiders are selling shares as the stock price soars, reaching a $1 trillion market cap. Analysts have raised their price targets following strong Q1 results and Q2 guidance.
While insider selling can be a cause for concern, it can also happen for various reasons such as tax purposes or to offset low salary and compensation. The insiders still own sizable stakes in Nvidia, and analysts have raised their price targets on the stock following strong Q1 results and Q2 guidance. This suggests that the overall outlook for the company remains positive, and the short-term impact on the stock price is likely to be neutral.
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