Nvidia CEO celebrates NVDA all-time high with monster insider sale

Core Insights - Nvidia CEO Jensen Huang sold approximately $40 million worth of shares in a notable selling spree, offloading over 260,000 shares between June 23 and June 26 [1][3] - The sales were part of a larger trading plan announced in March, which aims to sell up to 6 million shares, potentially raising over $900 million by year-end [3][4] - Despite the sales, Huang retains over 75 million shares, indicating confidence in the company's future [3] Sales Details - The sales occurred in over a dozen transactions, with share prices ranging from approximately $142.80 to $156.64 [1][3] - The largest transaction was on June 25, where Huang sold over 54,000 shares at an average price of $155.64, netting over $8.4 million [1][3] - Other significant sales included over 42,000 shares on June 24 at $147.17, along with multiple trades in the 10,000–30,000 range over three days [3] Market Context - Nvidia's stock has been on an upward trend, hitting a record high and extending its rally for five consecutive days [4][5] - The stock closed at $157.75, up almost 2%, with a year-to-date increase of 14% [5] - The positive momentum is further supported by a recent trade deal between the United States and China, alleviating trade tensions [7]