Market Commentary

Nancy Pelosi’s Husband Sold Tesla and Google Shares Last Month

Raza Akram · 1 minute read

Nancy Pelosi disclosed that her husband Paul was an active seller of stocks in the final ten days of the last year. Paul Pelosi’s biggest trades include the sale of Walt Disney (DIS:US) and Tesla (TSLA:US) shares, each valued at between $500,000 to $1 million.

Tesla shares were offloaded on December 20, when the share price was $140.38. In the meantime, Tesla shares have moved further lower on concerns the electric vehicle (EV) titan is suffering from demand weakness.

On the other hand, Disney shares were sold on December 21, when the share price was $87.58. DIS shares trade higher in the recent 3 weeks on hopes new CEO Bob Iger will succeed with his turnaround plan.

Paul Pelosi also reported he sold shares of Google-parent Alphabet (GOOGL:US) on December 20, 21, and 28 - each transaction valued at between $500,000 to $1 million. The same value range was provided for the sale of Alliancebernstein (AB:US). Google shares trade modestly higher since Paul Pelosi was selling.

Elsewhere, the investor also sold shares of Netflix (NFLX:US), PayPal (PYPL:US), and Roblox (RBLX:US). The timing wasn’t great as all three stocks trade higher relative to December.

For instance, Roblox stock is up about 26% since December 28 when Paul Pelosi was selling. Similarly, Netflix stock is exchanging hands at above $330 per share as tech stocks enjoy improving risk sentiment after bullish jobs and inflation reports.