Insiders Dump Big on NVDA, WMT

NVIDIA insiders offloaded over $220M worth of shares this week. Independent Director Mark Stevens filed sales of 1 million shares across three transactions between June 2–4, collecting around $220M at prices near $220. Chairman Emeritus Stephen Neal also filed a $3.3M sale on June 5.

The Walton family trust filed a $184M sale of Walmart shares. The June 4 filing covered 1.6 million shares sold at roughly $113 each. Walton family entities regularly reduce stakes, but the size of this transaction stands out.

A Singapore investment firm, BBRC International, filed the sale of over $90M in Victoria's Secret shares. The trades hit at $80 per share on June 2–4. BBRC holds roughly 10% of the company.

On the buying side, Ribbit Capital and board director Meyer Malka filed purchases of $40M worth of Robinhood Markets stock. The filings, dated June 9, covered 499,000 shares at around $80.70 each. That's a notable vote of confidence from insiders with board-level access.

Dell Technologies also appeared in the sell column. Silver Lake Group filed $47M in sales on June 4, offloading Dell shares near $435 each. Silver Lake holds a 10% stake and board seat.

This article is not financial advice.