What's the Deal With Nancy Pelosi and the Bloom Energy Stock Surge?
NEW: Nancy Pelosi disclosed millions in Bloom Energy investments bought through her husband's accounts, including 15,000 shares and 200 call options in late July, just before the company reported record earnings. $BE jumped over 6% premarket.
Nancy Pelosi's household bought Bloom Energy stock right before record earnings.
Accounts owned by her husband picked up fifteen thousand shares and two hundred call options in late July. Days later, Bloom reported record quarterly results and the stock jumped more than twenty six percent in a single session. The trades only became public this week under the STOCK Act, and the moment they did, Bloom popped another six percent premarket. Yes, people now trade the disclosure itself.
To be clear, nobody's alleging anything illegal, and Paul Pelosi has been a very active trader for years. But call options bought just before a blowout quarter is exactly the kind of timing that makes Congress's stock trading debate refuse to die.
The hardest fact tonight is simple. The public found out weeks after the money was already made.
This is Sara White, reporting for HIT.
Source
This story was written by HIT from the reporting above. We publish our own copy, not theirs.
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