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Not overreacting to the NVDA insider sale

Nvidia director Harvey Jones sold about 250,000 shares around $177 for roughly $44M. These were shares he’s held for decades, and he still controls over 7M shares through a trust, so I read this as long term trimming more than a confidence signal turning negative. (News source if you’re interested: Nvidia Executives Sell Over $41 Million in Stock)For me, the headline only matters if it lines up with the chart. NVDA is in a pretty defined zone and the $177 to $180 area is the near term pivot. That’s roughly where the sale happened, and it has also been a tough area for the stock to push through lately. If NVDA can reclaim $180 and stay above it for a few closes, it’s basically the market saying it does not care about the insider headline.On the downside, I’m watching $169 to $171 as first support. If that breaks cleanly, the next likely stop is the mid $160s, around $165 to $160. Below that, you’re probably looking at the low $150s, and that usually needs a broader market wobble or a real shift in the AI narrative. This is also why I’m not overreacting to the insider sale by itself. Big, long held positions get trimmed all the time. Without a real break in price or a clear change in demand signals, it’s not enough for me to call a top.