Nancy Pelosi, known as one of the most astute U.S. politicians in terms of stock trading, has recently made significant trades that will draw attention from the broader investor community and further solidify her reputation as a savvy trader.
Namely, in a filing made with the Clerk of the House of Representatives on July 30, Pelosi revealed two trades conducted by her husband, Paul Pelosi. These included the purchase of 10,000 Nvidia (NASDAQ: NVDA) shares worth $1.3 million and the sale of 5,000 Microsoft (NASDAQ: MSFT) shares worth $2.2 million.
These market moves by Pelosi occur amid ongoing scrutiny of stock trading activities by Senators, members of Congress, and their families.
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In addition to her insider knowledge about the potential legislation that may impact these companies, what makes it more impressive is the trade timing and the subsequent performance of these stocks up until now.
Pelosi timed her stock trades almost perfectly
When looking at the price chart for both MSFT and NVDA stocks since July 26, when Pelosi made her moves in the market, it is evident that her trades were timed almost perfectly.
After she decided to sell 5,000 MSFT shares at $428.60 per share, Microsoft stock fell 2.3% as of the latest close, thus saving herself approximately $100,000.
On the other hand, the California representative purchased 10,000 NVDA shares at an average price of $112.70, which, when pre-market gains on August 1 are included, surged 7.64% since the purchase, earning her around $113,000 so far.
Pelosi reported several stock trades in July
In addition to the Former House Speaker’s most recent report, Pelosi disclosed her stock trades on one more occasion on July 2, when she filed multiple trades involving Visa (NYSE: V), Broadcom (NASDAQ: AVGO), Tesla (NASDAQ: TSLA), and Nvidia.
With Pelosi’s previous purchase of 10,000 shares of NVDA stock, the Senior Democrat’s combined purchases of the semiconductor giant’s stock in July amounted to $2.5 million.
Her previous trades weren’t as well-timed as the most recent one, as AVGO stock has been 0.18% in the red since then, Nvidia stock is yet to recover losses of 7.99% and TSLA surged 26.01% since she sold 2,000 shares.
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