Executives at Nvidia, Broadcom and other major technology companies sold millions of dollars worth of their shares this month, raising a red flag.
Several technology giants have seen insider sales over the past week as the tech-heavy NASDAQ Composite continues to hover within striking distance of its record high. Insiders at companies including Broadcom , Nvidia and Strategy offloaded millions of dollars worth of shares this month, according to a raft of disclosures filed with the U.
S. Securities Exchange Commission. Here's what executives sold : Broadcom CEO Hock Tan sold 100,000 shares at an average price of $339.58 for a total of $34 million. Shares are up 28% over the prior three months. Ross Stores CEO James Grant Conroy sold 39,400 shares at an average price of $146.00 for a total of $5.7 million. Shares are up 17% over the prior three months. Gap Inc Director Robert Fisher sold 500,000 shares at an average price of $22.90 for a total of $11.4 million. Shares are up 7% over three months. Oklo Director Michael Stuart Klein sold 50,000 shares at an average share price of $133.76 for a total of $6.7 million. Shares are up 150% over the prior three months. Nvidia Director Mark Stevens sold 350,000 shares at an average price of $176.39 for a total of $61.7 million. Shares are up 23% over the prior three months. Director Harvey Jones also sold 250,000 shares at an average price of $176.21 for a total of $44.1 million. Shares are up 21% over the prior three months. Strategy EVP & General Counsel Wei-Ming Shao sold 10,000 shares at an average price of $355.79 for a total of $3.6 million. Transaction included exercising options that expire in 2032. Shares are down 5% over the prior three months. Ciena Director Bruce Claflin sold 8,500 shares at an average price of $140.12 for a total of $1.2 million. Shares are up 74% over the prior three months. AutoZone VP John Scott Murphy sold 2,900 shares at an average price of $4,180 for a total of $11.9 million. Transaction included exercising options that expire in 2026 and 2027. Shares are up around 20% over the prior three months.
Stock Markets NASDAQ Composite Broadcom Inc NVIDIA Corp Strategy Inc Ross Stores Inc Gap Inc Oklo Inc Ciena Corp Autozone Inc Business News
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