Jensen Sold At The Top - Nvidia Stock Could Sink After Ominous Development
NvidiaNvidia(US:NVDA) Benzinga·2025-07-02 15:02

Core Insights - Nvidia Corp has experienced an 80% increase in stock price since April 2025, leading to a market capitalization of $3.8 trillion [1] - Recent insider selling, including $500 million worth of shares, raises concerns about potential market corrections [2] - The 14-day Relative Strength Index (RSI) for Nvidia has reached 77, indicating overbought conditions and historical precedents for corrections [3][5] Insider Selling - Nvidia insiders sold $500 million in shares recently, with CEO Jensen Huang contributing $35 million by selling 217,910 shares at prices between $152 and $158 [2] - Huang plans to sell up to $900 million more in shares this year, bringing total insider sales to over $1 billion in the past 12 months [2] Technical Indicators - The RSI of 77 is the highest since June 2024, which preceded a 32% correction in stock price [3] - Technical analysts view an RSI above 70 as overbought, suggesting caution for investors [5] - Despite the bullish trend indicated by moving averages and a positive MACD, the high RSI level signals potential risks [5]