CEO dumps $62 million of Nancy Pelosi’s AI stock after her investment
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Nancy Pelosi is the most renowned (and notorious) congressional stock trader. The former speaker tends to invest in big tech companies — often with very auspicious timing. While not all of her trades pan out, the Representative of California’s 11th congressional district still hasn’t lost her touch. In 2024, Pelosi’s portfolio secured a roughly 146.2% return. Finbold’s congressional trading radar picked up an interesting investment made by Pelosi on January 14. A period transaction report revealed that she had invested between $50,001 and $100,000 in Tempus AI (NASDAQ: TEM). To be more precise, the congresswoman purchased 50 call options with a strike price of $20 and an expiration date of January 16, 2026. Receive Signals on US Congress Members’ Stock Trades Stocks Stay up-to-date on the trading activity of US Congress members. The signal triggers based on updates from the House disclosure reports, notifying you of their latest stock transactions. Enable signal This little-known tech company leverages artificial intelligence (AI) for precision medicine. After Pelosi’s purchase became public, the price of TEM stock soared by 20% in the premarket trading session, from $35.15 to $42.56. Now, Finbold’s insider trading radar has retrieved an SEC filing made public on January 24. Eric Lefkofsky, the company’s chief executive officer (CEO) and chairman, made a significant sale of Tempus AI stock from January 22 to January 24. Receive Signals on SEC-verified Insider Stock Trades Stocks This signal is triggered upon the reporting of the trade to the Securities and Exchange Commission (SEC). Enable signal Lefkofsky’s sale of Pelosi’s AI stock was not preplanned All in all, the CEO executed 15 sell transactions, at prices ranging from $47.78 to $54.75. His sale included a grand total of 1,207,065 Tempus AI shares worth approximately $62 million. Interestingly enough, Lefkofsky’s sale was not made according to…
Filed under: News - @ January 27, 2025 10:23 am