Cleo Fields from Louisiana’s 6th district makes substantial trade in NVIDIA

Louisiana’s 6th congressional district representative, Cleo Fields, recently made a significant transaction in NVIDIA Corporation (NASDAQ:NVDA), according to a recent congressional trade report. The company, currently valued at $2.92 trillion, has demonstrated remarkable financial strength with a perfect Piotroski Score of 9, according to InvestingPro data.

The transaction took place on February 5, 2025, with the notification date listed as February 24, 2025. Fields partially sold his NVIDIA stocks, with the total value of the transaction falling between $500,001 and $1,000,000. This substantial trade has been flagged due to its high value, and the capital gains exceeding $200.

The NVIDIA stocks were held in a Morgan Stanley (NYSE:MS) - ETrade account, a popular brokerage platform used by many investors. The report did not provide details on whether Fields has other investments in this account or if this was his only holding.

NVIDIA Corporation, a leading technology company known for its graphics processing units (GPUs), has been a popular choice among investors. Its performance in the stock market has been noteworthy, delivering a 35.18% return over the past year. With revenue of $130.5 billion and an impressive 75% gross margin, NVIDIA continues to demonstrate strong financial performance. InvestingPro analysis shows the stock is currently trading near its Fair Value, with 25 analysts recently revising their earnings expectations upward.

Cleo Fields, a member of the House of Representatives, has been serving Louisiana’s 6th congressional district. His recent transaction in NVIDIA Corporation shares provides a glimpse into his investment strategy, although it does not necessarily indicate a broader trend or a specific investment recommendation.

Remember, it’s essential for investors to conduct their own research and consider their investment goals and risk tolerance before making investment decisions. This report merely provides information about a specific transaction made by a congressperson and does not offer investment advice. For deeper insights, InvestingPro offers over 20 additional exclusive tips and a comprehensive Pro Research Report for NVIDIA, helping investors make more informed decisions.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.