Have Insiders That Bought the Dip in March Sold Their Shares?
In early August, The Washington Service took a look at the claims being made by several outlets that insiders, who had bought into the market during its dip in March, were bailing out of their positions. Now that the short swing window has elapsed, did those same insiders dump their positions?
Insiders Called the Market’s Bottom in March, Were They Calling the Top in July?
Recently, several articles highlighted The Washington Service’s metrics for gauging insider sentiment in the marketplace. Now that July is over (and the reporting lag period has passed), we have a more complete picture of insider trading last month.
Large Transaction: NVDA Director Sells $30 Million
On June 10, shares of NVIDIA Corp. (NVDA) hit an all-time high of $380, due in part to a late May report of first quarter earnings and revenue that exceeded analysts' expectations. Between June 19 and July 2, Director Mark A. Stevens indirectly sold a total of 79,381 shares through his trust at an average price 0.3% above the high. As seen on the graph below, the aggregate $30. ...