Pelosi Eyes New Tech Stock Pick After Making More Than $1M on Nvidia
by Moomoo News Jimmy Wang
California Rep. Nancy Pelosi has just disclosed her latest investment decision after her husband, venture capitalist Paul Pelosi, made more than $1 million gain on the bet on $NVIDIA(NVDA.US$ last year.
According to a disclosure form released Monday, Nancy Pelosi bought call options in the Nikesh Arora-led company $Palo Alto Networks(PANW.US$ for between $500,000 and $1 million on Feb. 12 -- shortly before the company released earnings on Feb. 20.
The disclosure also shows that she purchased a second call option for between $100,000 and $250,000 on Feb. 21, after the company cut its full-year revenue and billings guidance, sending shares plunging.
In addition to Pelosi's disclosure, Palo Alto Networks also announced on Monday that it is working with Nvidia and a number of other businesses to offer private 5G security services and solutions. The collaboration involves Celona, Druid, Ataya, NetScout Systems, and $NTT DATA GROUP CORPORATION(NTTDF.US$ .
Palo Alto Networks said that combining its enterprise-grade 5G security and 5G partner integrations and services "allows organizations to easily deploy, manage, and secure networks throughout their entire 5G journey." It added that the launch both "addresses the need and desire for validated 5G integrations and furthers Palo Alto Networks' strategic vision of an integrated, ecosystem approach to safeguard 5G deployments."
Palo Alto Networks offers network security solutions to government agencies, businesses, and service providers. Nir Zuk launched the business in March 2005, and its main office is in Santa Clara, Calif.
The company shares were down significantly for the first time in a year, after PANW lowered its earnings guidance in its latest earnings report. Palo Alto Networks shares surged more than 110% in 2023, driven by demand for cyber security, which rose along with the development of AI.
According to a recent financial filing Pelosi submitted with the Clerk of the House of Representatives, her husband purchased 50 call options in $NVIDIA(NVDA.US$ with a strike price of $120. The purchase was made on Nov 22, 2023.
The current value of the same options, per option contract, was roughly $660 on Monday, indicating a $1.4 million gain. Paul Pelosi spent between $1 million and $5 million for the options, it was revealed when his wife announced the trade to the public in late December.
According to a recent financial filing Nancy submitted with the Clerk of the House of Representatives, Paul purchased 50 call options in Nvidia with a strike price of $120. The purchase was made on Nov 22, 2023.
The current value of the same options, per option contract, was roughly $660 on Monday, indicating a $1.4 million gain. Pelosi spent between $1 million and $5 million for the options. It was revealed when she announced the trade to the public in late December.
Nancy Pelosi made $223,500 a year as a lawmaker, which means that this single NVDA option trade allowed her to make more than six times her annual income, according to Investing.com's report.
Source: Benzinga, Investing.com, The Fox
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74150280 : Corruption/ Insider trading CONFIRMED!!!
Harold of the Rocks : Corruption.
Mr Trecherous : That old hag runs her account like Biden runs the White House
She's just the face for their FRAUD
frank tor : insider trading !! by a Demon Rat?? say it ain,t so
Ray Barnett : I mean if I knew the end score to every f****** n NFL game. I'd be a fucking billionaire myself so this should be illegal
Ray Barnett : And the one that follows the market and k ows what to read and look for. when the sell off dropped it to 661 before the new valuation earnings call If I had it I would bought 70k in shares as well. nividia om a side not is going to keep going. It's going to hit twelve hundred by End of year......agree? if anyone interested I can tell ya why.
Alexandria Ray Barnett: Interested
MIKE MIKE2 : Also, through stock corruption, it's not as good as our village chief. He is an official, he is poor.
镇静的佐伊 MIKE MIKE2: I laughed to death