Stocks Sold by Executives of NVIDIA, Alphabet, and 2 Other Companies – NVIDIA (NASDAQ:NVDA)

The Nasdaq 100 Index closed up more than 150 points on Tuesday, while investors took note of some notable insider trades.

When insiders sell shares, it may be a pre-planned sale and may signal concerns about the company’s prospects or a view that the stock price is too high. Insider sales should not be considered the only indicator for making an investment or trading decision. At best, it can provide some confidence in the decision to sell.

Below are some notable recent insider selling: You can find more information on Benzinga’s Insider Trades platform .

Dell

Client: Dell Technologies Inc. Dell CEO Michael S. Dell sold a total of 3,397,465 shares at an average price of $106.37. Insiders received approximately $361.4 million from the sale of these shares. Update: On September 10, Susquehanna analyst Mehdi Hosseini initiated research on Dell Technologies, issuing a neutral rating and a $120 price target. What Dell does: Dell Technologies is a broad-based information technology vendor that primarily supplies hardware to businesses. Benzinga Pro’s real-time news feed will alert you to the latest Dell news.

alphabet

Client: Alphabet Inc. Google Google Amy Teuner O’Toole, vice president and chief accounting officer, sold a total of 2,835 shares at an average price of $151.53. Insiders received approximately $429,588 from the sale of these shares. Current situation: On September 10, DA Davidson analyst Gil Luria initiated coverage of Alphabet with a neutral rating and announced a price target of $170. What Alphabet does: Alphabet is the holding company that owns 100% of the internet giant Google. Benzinga Pro’s charting tool helped identify trends in GOOGL stock.

NVIDIA

Client: NVIDIA Corporation NVDA CEO and President Jen-Hsun Huang sold a total of 240,000 shares at an average price of $104.35. Insiders received approximately $25 million for the sale of these shares. What’s happening: U.S. antitrust authorities have reportedly launched an early-stage investigation into NVIDIA’s potential dominance in the artificial intelligence chip market. What NVIDIA does: NVIDIA is a leading developer of graphics processing units. Traditionally, GPUs have been used to improve the experience on computing platforms, especially PC gaming applications. Benzinga Pro’s Signals feature will alert you to a potential breakout in NVDA shares.

Bank of America

Client: Bank of America Corporation Blood alcohol content Warren E. Buffett, owner of 10%, sold a total of 5,797,093 shares at an average price of $39.45. Insiders received approximately $228.7 million for the sale of these shares. What’s Happening: Bank of America announced it has raised the minimum wage in the United States to $24 an hour, the latest step in the company’s commitment to make it $25 by 2025. What Bank of America Does: Bank of America is one of the largest financial institutions in the United States with assets of over $3 trillion. The company consists of four main segments: Consumer Banking, Global Wealth and Investment Management, Global Banking, and Global Markets. Benzinga Pro’s Insider feature was used to track insider trades in BAC shares.

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