Insider Mark Stevens Just Sold Nearly 2 Million Shares of Nvidia Stock

Investors watch insider trading like a hawk because it helps them gauge management’s confidence in the company’s workings, although the signals might be imperfect. That is why investors are closely watching as Nvidia (NVDA) director Mark A. Stevens recently sold about 1.85 million shares worth $410.84 million, according to an SEC filing. Under normal circumstances, this might signal bearishness, but that doesn’t seem to be the case here.

For one, Stevens still holds a considerable stake in Nvidia. Second, this came after Nvidia reported solid Q2 results, with revenue and profit doubling as the data center business climbed to new heights.