Palo Alto Networks $PANW Rides High with 5% Pre-Market Gain Following Revelations of Nancy Pelosi’s Trades
In pre-market trading, Palo Alto Networks ($PANW) shares have surged an additional 5%, extending the momentum from Monday’s 7.33% increase driven by Nancy Pelosi’s disclosure of acquiring $1.25 million in call options.
Nancy Pelosi, former Speaker of the House, bought call options in Palo Alto Networks $PANW worth between $500,000 and $1 million on February 12.
She made another investment of $100,000 to $250,000 in call options on February 21, coinciding with a drop in PANW’s shares due to a downward revision in its revenue forecast.
Nancy Pelosi made an impressive profit in her last updated $NVDA trade, earning around $1.8 million in just 92 days, which is eight times her annual salary of $175,000.
In total, Congressional members have made 10 transactions involving PANW stock in the past six months, with 7 purchases and 3 sales.
Here’s a summary of recent PANW stock trading by members of Congress in the last 6 months:
Representative William R. Keating bought up to $15,000 on 01/24.
Representative Michael C. Burgess traded PANW twice, buying up to $50,000 on 12/08 and selling up to $50,000 on 01/02.
Representative John R. Curtis traded PANW twice, buying up to $15,000 on 09/13 and selling up to $15,000 on 12/04.
Representative Jonathan Jackson bought up to $100,000 on 12/01.
Representative Josh Gottheimer bought up to $15,000 on 11/28.
Representative HON. GREG STANTON sold up to $15,000 on 10/24.
Senator Markwayne Mullin traded PANW twice, buying up to $65,000 on 10/03 and 09/13 without any sales.
PANW disclosed spending $1,430,000 on lobbying in the last year.
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