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(Bloomberg) – Two Nvidia directors sold about $US180 million ($274.2 million) in shares of the chipmaker in recent days, becoming the latest insiders to cash in as the stock continues to push deeper into record territory.
Tench Coxe, a former managing director at venture capital firm Sutter Hill Ventures who has been on Nvidia’s board since 1993, sold 200,000 shares on March 5 at $US850.03 to $US852.50, according to a filing, Coxe still holds more than 3.7 million shares.
Mark Stevens, a director since 2008, sold 12,000 shares on March 4 at $US852.06 to $US855.02.
Nvidia closed at another record on Wednesday as it extended its win streak to a fifth day, and now boasts a market value of $US2.2 trillion, trailing only Microsoft Corp. and Apple in the S&P 500 Index.
Last month, other directors unloaded 99,000 shares after Nvidia’s blowout earnings report.
Tench Coxe, a former managing director at venture capital firm Sutter Hill Ventures who has been on Nvidia’s board since 1993, sold 200,000 shares on March 5 at $US850.03 to $US852.50, according to a filing, Coxe still holds more than 3.7 million shares.
Mark Stevens, a director since 2008, sold 12,000 shares on March 4 at $US852.06 to $US855.02.
Nvidia closed at another record on Wednesday as it extended its win streak to a fifth day, and now boasts a market value of $US2.2 trillion, trailing only Microsoft Corp. and Apple in the S&P 500 Index.
Last month, other directors unloaded 99,000 shares after Nvidia’s blowout earnings report.