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One of the savviest U.S. politicians regarding stock trading, Nancy Pelosi, has just made additional stock trades that will attract interest from the broader investor community and cement her status as a professional trader. Namely, in a filing released on July 31, Pelosi revealed an additional purchase of 10,000 Nvidia (NASDAQ: NVDA) shares worth $1.3 million. On the same date, she decided to sell 5,000 Microsoft (NASDAQ: MSFT) shares worth $2.2 million. Nancy Pelosi’s stock trades on July 26. Source: PTR-House 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. MSFT and NVDA stock performances since Nancy Pelosi’s July 26 trade. Source: Google Finance 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,…

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Filed under: News - @ August 1, 2024 8:26 am