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Insiders continue dumping Nvidia shares; Crash incoming?

Insiders continue dumping Nvidia shares; Crash incoming?

The semiconductor giant Nvidia (NASDAQ: NVDA) has been at the center of attention throughout 2023. With its crucial role in the modern artificial intelligence (AI) industry and command of more than 90% of the chip market, this is hardly surprising.

Despite its stellar performance, recent filings indicate that multiple Nvidia insiders have been selling a significant number of their shares. John Dabiri, a director at the company, sold 218 shares worth $105,727.

Mark Stevens, also a director, sold 10,280 Nvidia shares for $4,966,714, and Debora Shoquist, the executive vice president of operations, sold 30% of her holdings – 40,000 shares for $19,199,010 – per the data made available through the InsiderAlerts website.

Nvidia insider stock market activity. Source: @TrackInsiders_

What is happening with NVDA

At a glance, the timing of the large insider sales appears odd, considering the recent business news pertaining to Nvidia. The semiconductor company has been, as a whole, recently been delivering impressive results.

While a new round of export restrictions somewhat dampened Nvidia’s sales to China, the company itself estimated the change is not likely to have a major impact on its business. Additionally, not only is the interest in AI technology still running high, but the company recently unveiled its new highly advanced chip – the H200 – to excited customers and investors.

One possibility is that the insiders have timed their sales to take advantage of the strong performance Nvidia has been offering throughout 2023. Ultimately, however, it is unlikely their reasoning will ever become fully known to the public.

Nvidia price analysis

Whatever the directors’ and executive vice president’s reasoning, NVDA has been offering a stellar performance on the stock market throughout 2023. 

Its share price was $482.80 at the time of publication, meaning it rose 0.98% in the first hours of Wednesday trading.

NVDA 1-day price chart. Source: Finbold

Nvidia also grew significantly during the November rally and is up 17.12% in the last 30 days. Its performance since January has also been very impressive, and the stock is 236.75% in the green year-to-date (YTD).

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