US Stock Market Move | Pelosi, known as the "Congressional Stock God," increased her holdings in Bloom Energy (BE.US), causing the stock to rise over 5%.
On Tuesday, fuel cell stock Bloom Energy (BE.US) rose over 5%, reaching $214 as of press time.
On Tuesday, fuel cell stock Bloom Energy (BE.US) rose over 5%, reaching $214 at the time of publication. According to news reports, the latest documents disclosed by the U.S. House of Representatives show that Nancy Pelosi, the former Speaker of the U.S. House of Representatives known as the "Congressional Stock Guru," purchased 10,000 shares of Class A common stock in Bloom Energy on July 24, along with 100 call options. Just four days later, on July 28, Pelosi increased her position in Bloom Energy, acquiring an additional 5,000 shares of stock and another 100 call options.
The two trades combined accounted for the purchase of 15,000 shares of stock and 200 call options. This combination of "common stock + medium to long-term calls" typically does not merely bet on a short-term rebound in stock prices; the common stock is used to capture medium-term trends, while the call options amplify the return elasticity when stock prices rise, reflecting her very positive directional judgment on Bloom Energy.
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