Amid the conflict intensifies between Israel and Hamas, stock market analysts have been tracking the financial repercussions that ripple through global markets.
A standout revelation came from Unusual Whale on X on October 9 after shedding light on the portfolios of politicians that seemingly benefited from the war, with Speaker Nancy Pelosi ranking fourth on the list.
Speaker Pelosi’s investment in CrowdStrike Holdings (NASDAQ: CRWD), an American cyber technology company, has drawn particular attention. With a valuation of approximately $44 billion, CrowdStrike has been at the forefront of cybersecurity, a sector that often sees increased demand during geopolitical conflicts. According to the data, Pelosi owns roughly $1 million worth of shares in the company.
The stock, trading under the ticker CRWD, has experienced significant growth over the year. At one point, it was up by a staggering 81% year-to-date (YTD). As of October 30, the gain has slightly moderated to 66.78% YTD, still an impressive figure given that the stock is only up by 6.85% over the last year.
CRWD surge contributes to Pelosi’s total portfolio rising
Pelosi’s initial investment came on September 3, 2020, when she and her husband purchased $1 million worth of CrowdStrike stock at roughly $125 per share, as per Nancy Pelosi Stock Tracker.
Since that acquisition, CRWD has climbed approximately 50%, translating into a $500,000 profit for the Speaker. This information, corroborated by the Nancy Pelosi stock tracker on Twitter, has prompted discussions on the ethical dimensions of politicians owning stocks that may be affected by international conflicts.
This scenario underscores the complex interplay between politics, global events, and market dynamics. While some view Pelosi’s investment as a standard market operation, others question the propriety of elected officials profiting from situations that have significant security and humanitarian implications.
Regardless of the ethical debates, the numbers are clear. Pelosi’s strategic placement in the cybersecurity sector has yielded significant financial rewards, coinciding with times of escalated tensions abroad.
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Source: https://finbold.com/nancy-pelosis-cybersecurity-stock-soars-amid-israel-hamas-war/