These stocks are seeing big insider selling recently, including 2 major AI plays

The CEOs of semiconductor maker Nvidia and chip equipment manufacturer Lam Research sold millions of dollars worth of their own stock at end of June and the start of July, according to securities filings and information compiled by VerityData as of Wednesday. Nvidia CEO Jensen Huang sold $59.65 million worth of stock on June 28 and July 1. Lam Research CEO Timothy Archer sold $31.04 million worth of shares on June 28. Both executives made their sales under 10b5-1 trading plans.

Here are the other biggest recent insider sales, according to VerityData and securities filings: Nvidia CEO Jensen Huang sold 480,000 shares at an average price of $124.27 for a total of $59.65 million. Trades were made pursuant to a 10b5-1 trading plan adopted in March and are part of ongoing sales. Lam Research CEO Timothy Archer sold 29,000 shares at an average price of $1,070 for a total of $31.04 million. Trades were made pursuant to February 10b5-1 trading plan.

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Source: CNBC - 🏆 12. / 72 Read more »