Nancy Pelosi Lost Big Money on These Stocks - Here Are The Ones To Avoid

In Business
2023-01-27 21:13:01Z
By GOBankingRates

J Scott Applewhite / AP

Congresswoman and newly-titled Speaker Emerita Nancy Pelosi is quite savvy when it comes to personal finances. Not only does she have a net worth of about $120 million, as GOBankingRates previously reported, but TikTokers have also now crowned her a financial influencer, looking to her stock market moves as a guiding light. However, a few of her latest losses may change some opinions. The Street recently reported that Pelosi and her husband, Paul, lost $2.5 million in market investments over the fourth quarter of 2022.

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Due to the Stock Act, which was passed in 2012, lawmakers must disclose stock trades within 45 days of the transaction - and include any moves their spouses make as well. And Pelosi, who remains very active in the markets, has a very closely followed portfolio.

The Street reported, based on Quiver Quantitative data, that the Pelosi family's Q4 losses include:

$853,000 in PayPal stock.
$733,000 on Salesforce options.
$500,000 in Tesla stock.
$235,000 on Roblox options.

All four stocks had a rough fourth quarter last year, for various reasons. PayPal was the victim of continuing supply chain issues that affected online sales at a macro level, per InvestorPlace. Salesforce went through a major restructuring and a round of layoffs, Investors.com noted. Elon Musk's Tesla suffered somewhat due to the controversial $44 billion investment into Twitter last year, one which made shareholders apprehensive. Lastly, gaming platform Roblox lost quite a bit of revenue from a downshift in daily users, per CNBC.

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The tide may be shifting though - as of the afternoon of Jan. 27, all four stocks are up. Tesla ticked upward by ~12%, continuing a stock rebound for the EV company.