A longtime board member at Nvidia Corp. dumped more than $48 million worth of the chip maker’s shares earlier this week, cashing in on the stock’s recent surge.
Harvey Jones, who has been on the Nvidia NVDA, +2.12% board since 1993, sold nearly of the company Tuesday at prices between $400 and $408.51, according to a filing with the Securities and Exchange Commission made public Wednesday. He pocketed $48.3 million through the transaction, which took place with shares that he held in his living trust.
Leave a reply