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NVIDIA CEO Huang Initiates Major Stock Sale Amid Record Share Prices
NVIDIA CEO Huang Initiates Major Stock Sale Amid Record Share Prices
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BTCCSquare news:
NVIDIA's stock surge continues as CEO Jensen Huang begins executing a prearranged $873 million stock sale plan. Shares climbed over 2% this week to $147, nearing January's all-time high of $149.43. The chipmaker's rebound follows stronger-than-expected May earnings and comes despite persistent trade tensions with China.
Huang's 10b5-1 trading plan involves selling 100,000 shares initially, with potential disposals reaching 6 million shares by year-end. The MOVE mirrors standard executive practice for managing equity positions without disrupting markets. NVIDIA's 9% post-earnings rally significantly outperforms the S&P 500's gains during the same period.
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