Some Stock Market Warning Signs no one wants to talk about...

PS Execs and Insiders are selling at record pace

While the stock market is melting up each day I want to share a few broader indicators my subscribers should be bookmarking.

First a few anecdotes…

Nvidia executives and directors have offloaded around 770,000 Nvidia shares in 2024, Bloomberg reported on Tuesday. This marks the highest number of shares sold in a half-year period since the first half of 2023 when approximately 848,000 shares were sold.

Over a third of the shares sold this year by insiders have come since Nvidia's fiscal first-quarter earnings report on May 22. Among the biggest sellers have been directors Mark Stevens and Tench Coxe. On Monday, CEO Jensen Huang reported the sale of about $31 million in shares under a pre-arranged trading plan.

Despite the numerous insider sellers, buyers have been scarce. Excluding the exercising of options, there hasn't been an insider stock purchase at Nvidia since CFO Colette Kress bought $107,390 in shares in December 2020.

Michael Dell, CEO, Director, and a more-than-10% owner of Dell Technologies Inc. (NYSE:DELL), sold shares worth $198.22 million the first week of June.

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