Congresswoman Nancy Pelosi discloses significant trades in Nvidia and Microsoft stocks, amid rising scrutiny over congressional stock trading practices
.png)
Nancy Pelosi, a congresswoman representing the 11th district of California, disclosed purchasing 10,000 shares of $NVDA on July 26th. The trade was worth anywhere between $1M and $5M and NVDA saw a share price increase of 10% early Wednesday trading. Not only did Pelosi make a positive trade here but also sold 5,000 shares of $MSFT. Microsoft fell after an earnings report accumulating a 1.5% loss per share as of today's trading.
Pelosi also has been seen buying shares of NVDA last month and has been seeing enormous returns off her investment. This comes off the heels of a proposed law that would stop congress members from trading individual stocks. Time after time we see congress members using information that is not accessible by the public, to use as leverage when making decisions on buying/selling shares of a company. Just this month alone, Nancy has accumulated an investment of over $2.5 million dollars in NVDA, while selling $2.2 million dollars worth of Microsoft shares.
