Nancy Pelosi’s Stock trading
Nancy Pelosi and her husband’s activity in Stock trading is closely watched and followed. When before the CHIPS ACT vote, they traded Nvidia shares. They were examined closely and thoroughly. then they sold those shares at a loss.
Nancy Pelosi a big name in congress stock trading, followed California Democrat stock. She traded on Friday in Nvidia corporation which is a semiconductor and hot artificial intelligence stock.
As a member of Congress Nancy drew big attention in media and retail traders in July 2022. When Paul Pelosi and Nancy Pelosi made a trade in Nvidia Corporation’s shares Paul Pelosi was known as a venture capitalist. Because Pelosi’s timing of trading in Nvidia is questionable that reason, it drew more attention.
Concern that Paule, her husband had inside information before trading Nancy Pelosi in 2022 July announced that she had sold 25,000 shares of Nvidia at the price of $165.5. She lost the amount of $341.365.
Congress trading shared on Friday on Twitter, “Tha Pelosi trad in Nvidia shares, Pelosi has a bet of millions on Nvidia with the option of call in November used deceptive tactics. She wants to avoid media coverage and disclose before Christmas weekend this Friday”
The transactions had an amount which was listed between$1 million and #5 million. 50 call options of Nvidia at a strike point of $120. December 20, 2024, is the expiration date of call points. The latest filing looks like a history of Buying options that are one year or more.
Why it matters: The last time Pelosi held Nvidia stock, there were concerns about the timing of the passage of the CHIP Act. Pelosi publicly supports legislation that would directly benefit Nvidia. The demands came ahead of the vote on the CHIPS Act.
News that Pelosi was sold and suffered losses also comes at a questionable time.
