economy
Top insiders sold shares of Nvidia, Dell Technologies and Five Below last week
A CNBC Pro data analysis shows insiders sold many shares of Nvidia, ConocoPhillips, GitLab, Ross Stores and other stocks last week.
TL;DR
- Top executives at Nvidia, Five Below, Dell Technologies, ConocoPhillips, GitLab, and Ross Stores sold substantial amounts of their company stock.
- Insider selling can be for reasons like diversification or liquidity but is often viewed by investors as a potential bearish indicator.
- Notable sales included ConocoPhillips EO Ryan Lance ($64.5 million), Nvidia Director Mark Stevens ($38.5 million), and GitLab director Matthew Jacobson ($26.4 million).
- Dell Technologies saw cluster selling totaling $369 million over 30 days, and Ross Stores had cluster selling of $4.5 million over 30 days.
- Palo Alto Networks CEO Nikesh Arora purchased $10 million in company stock.