LB Select
2024.02.27 08:08
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The female stock guru Pelosi has set her sights on this stock again, surging by 7%.

Pelosi bottomed out and increased positions in cybersecurity stock Palo Alto, while buying bullish options on NVIDIA in November last year, currently yielding approximately double the profit.

Longbridge has learned that, according to the latest disclosed property transaction declaration, Nancy Pelosi bought Call Options of Palo Alto Networks on February 12, valued between $500,000 and $1 million, and another purchase was made on February 21, valued between $100,000 and $250,000.

On the same day, Palo Alto's stock price plummeted by 28% due to the disappointing financial report.

Overnight (February 26), influenced by Pelosi's bottom-fishing and increasing position, Palo Alto Networks' stock price surged by 7.33% to $302.78 and continued to rise by 3.6% in after-hours trading.

As Pelosi is a well-known figure in the political and business sectors, often in contact with various bills and policies, she may have access to significant information that could impact stock prices, attracting considerable market attention to her investment activities.

After the news of Pelosi's investment in Palo Alto Networks was exposed, related stocks also rose, with CrowdStrike, Zscaler, and Fortinet stocks increasing by 3.06%, 2.75%, and 1.12% respectively on the 26th.

Palo Alto Networks announced its financial report after hours on February 20, with second-quarter revenue for the 2024 fiscal year increasing by 19% to $1.98 billion, slightly higher than the market's expected $1.97 billion. However, due to the global slowdown in IT spending, the revenue forecast for the 2024 fiscal year was revised down to $7.95 billion to $8 billion, lower than the previous forecast of $8.15 billion to $8.2 billion.

It is worth mentioning that Pelosi purchased call options of NVIDIA in November last year (valued between $1 million and $5 million), and with the current increase in NVIDIA's stock price, the profit is nearly doubled.