Former Speaker of the House Nancy Pelosi and her husband, Paul Pelosi, disclosed new stock and options transactions for Bloom Energy Corp. (NYSE: BE) and Intel Corp. (NASDAQ: INTC) in July. The trades, which totaled millions of dollars, were reported by Benzinga.
The disclosures detail the following specific transactions for Bloom Energy:
- July 24: Purchased 100 call options with a $100 strike price expiring June 17, 2027, and bought 10,000 shares.
- July 28: Purchased 100 call options with a $100 strike price expiring June 17, 2027, and bought 5,000 shares.
The stock was purchased during a period where Bloom Energy traded between $157.65 and $176.85, marking a three-month low for the company. As of the time of the report, the stock was trading at $282.10.
Based on the purchase price ranges and the current price, the Pelosis' 15,000 shares of Bloom Energy are now valued at $4,231,500. This represents a profit of between $1,205,350 and $1,611,050. For context, Nancy Pelosi’s annual salary as a member of Congress is $174,000.
The article notes that Bloom Energy was added to the S&P 500 on Friday, which may have contributed to the stock's performance. Additionally, the CEO of Bloom Energy is reported to be a billionaire due to the stock's gains.
