A longtime board member at Nvidia Corp. dumped more than $48 million worth of the chip maker’s shares earlier this week, cashing in on the stock’s recent surge.
Harvey Jones, who has been on the Nvidia
NVDA,
board since 1993, sold nearly 120,000 shares of the company Tuesday at prices between $400 and $408.51, according to a filing with the Securities and Exchange Commission made public Wednesday. He pocketed $48.3 million through the transaction, which took place with shares that he held in his living trust.
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This story originally appeared on Marketwatch
