Key insights
- Insiders at NVDA and OXY are net sellers of their company's stock, while retail investors are buying the dip. Congress is also net selling stocks. This divergence suggests caution, as those with access to more data may be anticipating weaker performance. The author is currently holding a cash position.
Over the past quarter, Jensen and the other members of the NVDA management have sold $871 million worth of stock. total purchases? $0. Congress is currently net selling ($2 million). I was bored and decided to run some code on the most recent sec filings. The results are actually quite poor for anyone anticipating a huge pump in the near future. It is uncommon to witness management and DC working in perfect harmony during a departure.
OXY is even more bizarre. Congress is actually buying the dip, despite insiders there having lately unloaded $7.6 million. Politicians may believe in the $150 oil "war premium," but management does not.
Retail seems to be waiting for a ceasefire in the daily conversation while those with the actual data are stealthily making their way to the door. For now, I'm sticking with cash.
Positions: As of this writing, neither NVDA nor OXY had any open positions. I just wanted to share what I discovered in the documents. This isn't financial guidance.