NVIDIA's CFO and a board director sold a combined $14.26 million in company stock over two days this week, filings with the U.S. Securities and Exchange Commission (SEC) reveal. The sales, executed under pre-arranged trading plans, come as the stock's technical chart patterns suggest a potential bearish breakdown.
Chief Financial Officer Colette Kress sold 68,798 shares on March 20, 2026, at prices between $171.97 and $177.51, totaling approximately $10.9 million. This followed a separate transaction on March 18, where she sold 76,535 shares at $181.93 each to cover tax obligations related to equity compensation. Following these sales, Kress still directly holds 881,387 shares. Separately, Director Aarti Shah sold 19,000 shares across three transactions on March 19, with a weighted average price between $176.27 and $177.73, for a total of $3.36 million. Both sets of sales were conducted under Rule 10b5-1 trading plans, which are established in advance to avoid accusations of trading on insider information.
At the time of the filings, NVIDIA (NVDA) stock was trading around $173, with a market capitalization of $4.19 trillion. The stock is down 7.3% year-to-date and is well below its 52-week high of $212.19, despite having gained nearly 47% over the past 12 months.
Technical analysis of the stock points to significant near-term risks. The daily chart shows the stock has formed a head-and-shoulders pattern, a classic bearish reversal signal, and is hovering near the pattern's neckline. The price has also dropped below key technical indicators, including the 23.6% Fibonacci Retracement level at $182 and the 50-day and 100-day Exponential Moving Averages (EMA). Analysts cited in the reports suggest a breakdown could see the stock fall to the $164 or even $150 support levels.
This technical weakness stands in stark contrast to the company's robust fundamentals. NVIDIA's most recent quarterly revenue grew 72% year-over-year to $67 billion. CEO Jensen Huang has outlined a path to achieving $1 trillion in cumulative revenue by 2027, driven by new chip architectures like Vera Rubin and Blackwell. Major tech firms, including Amazon, Meta Platforms, Google, and Microsoft, are planning massive capital expenditures, much of it directed toward NVIDIA's AI chips. Furthermore, the stock appears undervalued by some metrics, trading at a forward price-to-earnings (P/E) ratio of 20x and a forward PEG ratio of 0.50 to 0.54, which is below the sector median.
In related news, federal prosecutors unsealed an indictment concerning the alleged illegal diversion of $2.5 billion worth of AI servers containing NVIDIA GPUs to China. Additionally, Qnity Electronics announced a partnership to use NVIDIA's advanced computing technologies for materials research.
