1srelluc
Diamond Member
Nancy Pelosi Loads Up On More Nvidia Shares, Sells Part Of Microsoft Stake Before Q4 Earnings
Nancy Pelosi remains one of the most followed members of Congress when it comes to the disclosure of stock and options trades. The former House speaker disclosed the purchase of more NVIDIA Corporation (NASDAQ:NVDA) shares this week. What Happened: ...
Pelosi, a Democratic congresswoman from California, disclosed buying $1 million to $5 million in Nvidia shares with the subject line stating that 10,000 shares were purchased. The trade was made on July 26. Pelosi's disclosed trades are made by her husband Paul Pelosi, who is a venture capitalist.
The filing also disclosed selling $1 million to $5 million in Microsoft shares, with the subject line stating that 5,000 shares were sold. The trade was made on July 26, several days before the technology company reported fourth-quarter financial results.
Pelosi previously disclosed buying 10,000 Nvidia shares valued at $1 million to $5 million in early July along with the sale of Tesla Inc (NASDAQ:TSLA) shares. The congresswoman and her husband also disclosed buying 50 call options of Nvidia back in November 2023 that have risen significantly in value since the filing.
Pelosi previously disclosed selling 25,000 Nvidia shares back in July 2022 at a loss of $341,365. As Benzinga has previously reported, holding onto the shares would have turned into millions of dollars in profits had they held onto the stake. The sale was completed after Pelosi came under public scrutiny over the timing of the trade, related to its proximity to the passage of the CHIPS Act and a trip to Taiwan.
Let me guess, insider information again.
Gee, how do they get so rich "serving the people"? Particularly when the insider trading laws don't apply to them. Some animals are more equal than others, I guess.
The whole body of gov should be excluded from trading. It has become accepted behavior on both sides but it has become so flagrant because there is no moral compass in this nation. We just accept it.
Oh, and before the Hurr Derr starts.....It's not a free market if only a few people can act on the insider information they are getting without punishment for doing so.
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