Nvidia CFO Sells Nearly $16 Million in Company Stock

According to PANews, Nvidia's Executive Vice President and Chief Financial Officer, Kress Colette, has sold nearly $16 million worth of company stock this week, as revealed in a document submitted to the U.S. Securities and Exchange Commission (SEC). The document indicates that Colette sold 68,909 shares of Nvidia stock on September 18, valued at approximately $7.93 million. Additionally, she sold another 66,670 shares on September 20, worth around $7.77 million. Nvidia's stock price experienced a decline of 1.59% on Friday, closing at $116.00. Over the past month, the company's stock has seen a cumulative decrease of 8.8%.