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Why Nvidia Stock Dipped on Tuesday
Shares of semiconductor giant Nvidia (NASDAQ: NVDA) had tumbled 3% as of 11 a.m. ET Tuesday after TheFly.com reported last night that an Nvidia director, Persis Drell, had disclosed a stock sale of 10,000 shares of Nvidia stock. You can’t know the real reason — so you shouldn’t assume. It should also be pointed out that the price at which Drell sold shares — $326.65 per share — is not only a higher price than Nvidia shares fetch today, it is a higher price than those shares were worth at yesterday’s close, before news of the insider sale was revealed.