Beyond her role as a former Speaker of the House, Nancy Pelosi’s influence reaches deeply into the financial realm, capturing the interest of stock market observers.
Her potential to shape market dynamics through policy decisions amplified the significance of her position. As such, Pelosi’s prowess as a savvy investor further adds complexity to her profile, creating a unique intersection of political and financial intrigue for those keen on monitoring her moves in both arenas.
At 83, Pelosi, representing California’s 11th congressional district, maintains her dual role as a political figure and astute investor. Her financial acumen was spotlighted once again on November 20, as her investment in Microsoft (NASDAQ: MSFT) yielded a remarkable unrealized return.
Pelosi’s impressive MSFT return
On Monday, November 20, shares of Microsoft rose more than 2% on the reports that the tech giant hired former OpenAI CEO Sam Altman to lead its new advanced AI research division.
MSFT climbed to more than $377, marking a fresh all-time high for the world’s second-biggest stock.
Although countless investors welcomed this upswing in Microsoft’s shares, it boded particularly well for Pelosi. Notably, the US representative bought roughly $10 million worth of MSFT shares in 2021 at $130 per share by exercising her calls, Nancy Pelosi Stock Tracker noted on the day.
Currently, Microsoft’s shares have surged nearly threefold from that price, marking a substantial 190% increase in percentage terms. Given that Pelosi invested $10 million in the stock at the time, this bet reaped a staggering $19,000,000 million in potential profits, excluding the cost of the original calls.
MSFT stock price analysis
At the time of writing, MSFT was sitting at $377.44, up 2.05% in the past 24 hours.
The stock gained 1.7% over the past five trading days and more than 14% on the month. As a result, its market cap now sits at $2.81 trillion.
Year-to-date, the tech giant surged over 57%, notably outperforming the broader S&P 500 index.
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Source: https://finbold.com/nancy-pelosis-investment-in-microsoft-stock-reaps-19m-in-profits/