Back in January, we heard about some of Nancy Pelosi’s latest stock moves. And they were massive moves, too, with over $1 million on the line. Fast forward to today, and it turns out that Nancy Pelosi is once again making stock moves, this time into a pair of tech stocks: Microsoft (NASDAQ:MSFT) and Apple (NASDAQ:AAPL). A congressional trading form showed that Pelosi bought in on both stocks.
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Pelosi reportedly had 50 call options on Apple with an $80 strike price, which she ultimately exercised. That meant a purchase of 5,000 shares, valued at somewhere between $250,001 and $500,000. Further, Pelosi exercised 50 call options on Microsoft with a $180 strike price. That also meant a 5,000 share purchase, valued between $500,001 and $1 million.
The notion of political figures investing has long been a subject of controversy. Those who believe political figures should stay out of investing point out that political figures often influence the course of a market by passing laws that can directly impact a market. For instance, a political figure who votes for a stimulus package for individual citizens investing in retail stocks would likely make a killing on the share price bounce that would follow. It is, to some, the ultimate form of insider trading. Yet there are no laws as yet that really cover it beyond the disclosure forms, so it continues on.
Overall, Microsoft offers 3.08% upside potential thanks to its average share price of $347.57. Meanwhile, Apple offers 1.88% upside potential on an average share price of $190.54. Both stocks are considered Strong Buys by analyst consensus.
