At Extreme Investor Network, we are constantly on the lookout for insider information in the world of investing that could provide unique insights for our members. Recently, we came across some interesting transactions made by the CEOs of major companies in the semiconductor and technology industries.
In late June and early July, the CEOs of Nvidia and Lam Research made significant sales of their own company’s stock. Nvidia CEO Jensen Huang sold an impressive $59.65 million worth of shares, while Lam Research CEO Timothy Archer sold $31.04 million worth of stock. What makes these transactions even more intriguing is that both executives made their sales under 10b5-1 trading plans, which establish predetermined prices and times for selling shares in the future.
These insider sales can often be closely monitored by professional fund managers as they may provide clues about what company executives think of the direction of their company, the valuation of the stock, or how the industry is performing. In the case of Nvidia, the stock had gained more than 150% in the first six months of the year before the company split the stock 10-for-1.
But it’s not just Nvidia and Lam Research making waves with insider sales. Other notable recent transactions include Adobe Systems CEO Shantanu Narayen selling $13.6 million worth of shares, Juniper Networks CFO Kenneth Miller selling $2.88 million worth of shares, Consol Energy CEO James Brock selling $1.75 million worth of shares, and Tegna CEO David Lougee selling $1.38 million worth of shares.
As a member of the Extreme Investor Network, you can stay ahead of the curve by tapping into exclusive insights and analysis on insider transactions and other key market trends. Join us today and gain a competitive edge in the world of investing.