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Former House Speaker Nancy Pelosi, D-Calif., reported several Inauguration Day stock exchanges in December and early January involving the world’s largest technology companies, an industry her husband Paul previously traded in.
Congressional stock trading disclosures, known as periodic transaction reports, cover trades made by a member of Congress and his or her spouse.
Ian Krager, a spokesman for the former speaker, told FOX Business, “Speaker Pelosi owns no stock, and has no prior knowledge or involvement in any transaction.”
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Pelosi’s disclosure indicated the purchase of 50 phone options for Alphabet, Google’s parent company, and 50 phone options for Amazon, according to her latest transaction report filed with the clerk of the House of Representatives.
Both sets of call options have a strike price of $150 and are valued between $250,001 and $500,000. Call options give investors the right to buy shares of a company at a certain price.
A ticker | Security | Finally | Change | Change % |
---|---|---|---|---|
AAPL | Company APPLE INC. | 222.64 | -7.34 |
-3.19% |
NVDA | The company NVIDIA CORP. | 140.83 | +3,12 |
+2.27% |
GOOGL | Company ALPHABET INC. | 198.05 | +2.05 |
+1.05% |
AMZN | Company AMAZON.COM INC. | 230.71 | +4,77 |
+2.11% |
The disclosure showed the sale of 10,000 shares of Nvidia and 31,600 shares of Apple Dec. 31. After the sale, Paul Pelosi bought another 50 Nvidia call options on Jan. range between $250,000 and $500,000. Pelosi also exercised 500 Nvidia call options on Dec. 20 that had a strike price of $12 and were due to expire that day.
That trade was between $500,000 and $1 million.
Former House Speaker Nancy Pelosi, D-Calif., announced a new stock exchange involving notable technology companies. (Chip Somodevilla/Getty Images/Getty)
The previous speaker’s disclosure also noted several other investments that took place in the past month, including the exercise of 140 call options on 14,000 shares of Palo Alto Networks with a $100 strike price that was set to expire on Dec. 20. between $1 million and $5 million.
Pelosi also disclosed the purchase of 50 Tempus AI calls at a $20 strike price and 50 Vistra Corp. call options. with a strike price of $50 Jan. 14. Purchases for Vistra were between $500,000 and $1 million, while Tempus were between $50,000 and $100,000.
A ticker | Security | Finally | Change | Change % |
---|---|---|---|---|
VST | Company VISTRA CORP | 185.35 | +14.49 |
+8.48% |
TEM | TEMPUS AI | 47.64 | +12,49 |
+ 35.53% |
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Former Speaker of the House Nancy Pelosi and her husband Paul Pelosi attend the Vanity Fair Oscars Party at the Wallis Annenberg Center for the Performing Arts in Beverly Hills, Calif., March 10, 2024. (Michael Tran/AFP via Getty Images/Getty Images)
Investments made by Paul Pelosi have drawn scrutiny amid growing calls for members of Congress and close family members to be banned from stock trading.
A ticker | Security | Finally | Change | Change % |
---|---|---|---|---|
V | Company VISA INC. | 323.63 | +4.01 |
+1.25% |
Last fall, Paul Pelosi sold more than $500,000 in Visa stock ahead of a Justice Department suit against the credit card giant. At the beginning of last year, the analysis estimated that he made the couple about 4 million dollars in a six-month period without the options of Nvidia phones that he bought in November 2023.
Spouses of lawmakers can trade in companies or industries that their colleagues may help manage, but it is illegal for members of Congress and their family members to profit from insider information.
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Members of Congress on both sides of the political spectrum have proposed legislation in recent years that would bar lawmakers and their family members from owning stocks. Bipartisan bills to that effect were advanced in the Senate during the last Congress, but also did not become law before the end of the 118th Congress, leaving the issue to the current Congress.
Breck Dumas of FOX Business contributed to this report.