NVIDIA Insiders Sell Shares Amid 27% AI Rally, Stock Peaks at $905

NVIDIA Corporation (NVDA) insiders, including directors Mark Stevens, Michael McCaffery, and Mark Perry, have recently sold significant amounts of their shares amid a fierce AI rally, with the company's stock price soaring to new heights following a 27% run up in price. In late February, Stevens sold 15,000 shares, McCaffery sold 4,000, and Perry sold 15,000 shares. The stock continued its upward trajectory, closing in on $900 and hitting a record high of $905 in premarket trading. This selling spree comes as NVIDIA's stock pushes deeper into record territory, with one director cashing in about $170 million in shares. Collectively, insiders have sold nearly $175 million in shares over the past few days, following other directors who sold nearly $80 million in shares last month. Amidst this, the US market has hit an all-time high, with NVIDIA's performance contributing to the market's strength. Additionally, there have been over $30M+ in bullish prints in the options market.