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Nancy Pelosi buys Palo Alto Networks call options, shares pop

Published 26/02/2024, 22:20
Updated 26/02/2024, 22:20
© Kfir Sivan, Palo Alto Networks PR

Shares of Palo Alto Networks (NASDAQ:PANW) closed the Monday session 7.3% higher after Nancy Pelosi disclosed she invested in the cybersecurity firm.

In particular, the former Speaker of the House bought between $500,000 and $1 million worth of call options in PANW, according to a congressional trading form filed by Pelosi. The investment was made on February 12.

Pelosi also revealed acquiring a call option valued between $100,000 and $250,000. This investment was made on February 21, coinciding with a significant drop in the company's shares following a downward revision of its annual revenue and billings forecast.

Over the past six months, Congressional members have engaged in 10 transactions involving PANW stock, with 7 being acquisitions and 3 sales.

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