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Another Nvidia board member unloads stock, this time to the tune of $21 million

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Two Nvidia directors have sold valuable chunks of the high-flying stock this week, recent filings show.

Another Nvidia Corp. board member recently unloaded tens of millions of dollars worth of stock amid the sharp move higher in the chip maker’s shares.

Tench Coxe, who has served on Nvidia’s NVDA board since 1993, dumped 50,000 shares of Nvidia Wednesday, according to a filing with the Securities and Exchange Commission made public Friday. He sold at an average price of $422.1544, meaning he pocketed upwards of $21 million from the move. See more: Nvidia officially closes in $1 trillion territory, becoming seventh U.S. company to hit market-cap milestone

 

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