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Business
Nvidia shares dip after six‑day rally as director Mark Stevens sells $300 million stock
✍️ Asianet Newsable
🗓 23 Sep 2026, 11:45 AM
👁 16
Nvidia’s stock slipped slightly overnight, ending a six‑day winning streak, after director Mark Stevens off‑loaded about $300 million worth of shares.
Nvidia (NVDA) closed marginally lower in after‑hours trading on Monday, halting a six‑day run of gains that had lifted the chipmaker’s shares to near‑record levels. The modest decline was reported by market data providers early Tuesday.
The price movement followed a regulatory filing that disclosed director Mark Stevens sold roughly $300 million of Nvidia stock. The sale, executed through a series of transactions, represented a significant personal divestment but did not involve the company’s treasury.
Analysts noted that while the director’s sale is sizable, it is not uncommon for insiders to trim holdings after prolonged price appreciation. The broader market reaction remained muted, with investors awaiting further guidance from Nvidia on upcoming product launches and earnings forecasts.
The price movement followed a regulatory filing that disclosed director Mark Stevens sold roughly $300 million of Nvidia stock. The sale, executed through a series of transactions, represented a significant personal divestment but did not involve the company’s treasury.
Analysts noted that while the director’s sale is sizable, it is not uncommon for insiders to trim holdings after prolonged price appreciation. The broader market reaction remained muted, with investors awaiting further guidance from Nvidia on upcoming product launches and earnings forecasts.