Insider Trading Report: Nvidia (NVDA)

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  • Stephen Neal, a director at Nvidia (NVDA) recently bought 450 shares of Nvidia. The purchase price came to just over $224,000. The director now owns just under 4,000 shares of the company.

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  • Neal has been a buyer of shares throughout the year, although this is his largest purchase year-to-date. Insiders have almost exclusively been sellers, as is typical of a large-cap tech company that issues large amounts of shares to employees.

    With the company’s latest product announcements and increased cryptocurrency mining demand, however, shares could head higher, explaining this first insider buy in years. The recent pullback has knocked shares down enough to make for a reasonable entry point for investors.

    Action to take: Shares are down 15 percent from their recent peak, and are a reasonable buy for long-term holders in a retirement account. Ideally, investors will put in an order under $500 and let market volatility get them in at a reasonable price.

    For traders, shares have pulled back enough that they could shoot higher on a market rebound. The March 2021 $600 calls trade for about $42, or $4,200 per contract. Compared to shares, that’s cheap, and it’s possible that shares move over that $600 strike price in the next six months on a rebound. That could make for some great returns on this trade, likely in the high double-digits.

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