Recently, Nancy Pelosi became a stock market expert. That is if you believe everything you see on TikTok. Tracked trading disclosures have revealed some very profitable trades over the years. But it is not the only official investment in the stock market. Today we look at three others who have placed their bets, you guessed it, small stocks!
Benny Stokes TL; 30-second summary of the doctor
- When it comes to FeastSome see it as the “Wild West,” but it doesn’t have to be
- Understanding the basics can help you find the best stocks to buy but do some research too
- Insider trading is a great focus for retail trading, but thanks to Nancy Pelosi, government trading has also become an interesting topic in the stock market.
- Today we’re looking at 3 government officials who decided to buy a penny stock based on recently reported deposits
Nancy Pelosi’s latest trades
Most recently, through her husband, Representative Pelosi held important positions at Alphabet (NASDAQ: GOOGL), SalesForce.Com Inc. (NYSE: CRM), Disney (NYSE: DIS), Roblox (NYSE: RBLX), and Micron Technology (NASDAQ: MU). The interesting part is that these were not stock purchases. Instead, she chose options contracts and focused on the deep calls of each.
But the so-called “investment queen” is not the only government actor “working” in the stock market today. After doing some excavation, hundreds of government officials are buying up shares. One of the most interesting parts is that we’re not just talking about the alphabets or Nvidia’s in the world. Believe it or not, some officials are looking to buy small shares. Fortunately or unfortunately, Nancy Pelosi was not.
Penny stock to watch
1. Quantum Corporation (NASDAQ: QMCO)
You will notice in this little stock list that these are not your typical names. What I mean is that they are not the hottest stocks today or those on the “Most Active” list as frequently as the others. However, knowing is half the battle, they say, and seeing where government officials park their money may be something to consider.
While it is outside the penny stock range (under $5), I think QMCO stock might be worth noting as it is hovering in the $5 range at the moment. Quantum Corporation is a software and digital technology solutions company with a broad range of offerings. Whether it’s storing files using its suite of data management software or leveraging its edge and monitoring technologies for physical security or smart buildings, Quantum’s portfolio is extensive.
New Developments for Quantum Corporation and QMCO Stock News
This week’s latest update is further proof of that. The company has announced its role in accelerating the search for autonomous all-terrain vehicles at the Center for Advanced Vehicle Systems at Michigan State University. The center is already collecting data using Quantum’s R-Series Edge Storage, which will be used for analysis and machine learning model development.
Read: Hot penny stocks to watch the end of the first week of trading
“CAVS researchers capture massive amounts of data in challenging off-road environments and then use that data to design, develop and validate algorithms that can power autonomous military vehicles. Quantum Storage Unit Quantum R-Series Edge Storage enables them to quickly store and unload data and analyze it for simulations and further research.
Additionally, some Quantum technology partners may be worth mentioning. With more than 80 listed on the company’s website, some of the notable names include Splunk, Oracle, Nvidia, NetApp, Microsoft, IBM, Dell, Cisco, Bosch, Broadcom, Amazon Web Services, Autodesk, Adobe and many others.
Government stock deals QMCO
In a periodic transaction report filed late last year, Florida Rep. Debbie Wasserman Schultz reported the transactions of her QMCO stock. The range for the specific purchase amount was $1,0001 – $15,000. It might also be worth noting that a few days before the purchase date, QMCO stock was in the penny stock territory trading as low as $4.83.
2. Hippo Holdings Inc. (NYSE: HIPO)
Insurance stocks have been hot and cold over the past few months. If you have traded small stocks at least in the last month, you are probably familiar with Reliance Global Group Inc. (NASDAQ: RELI). It has grown in popularity recently, and since we first mentioned it in December, RELI stock has exploded nearly 200%. But this was not the case for all insurance stocks.
Hippo Holdings Inc. She is an example of this even after winning praise from social media influencers and would-be government officials like Meet Kevin. Officially known as Kevin Paffrath, the YouTuber went so far as to make a video titled “I just invested $600,000 in this stock.” In it, he discussed his investment thesis on HIPO stocks. Unfortunately, the downtrend in this popular social media stock has not slowed down. Stocks hit 52-week lows this week. So why would anyone care about the company now?
New Developments of Hippo Holdings & HIPO Stock News
The home insurance company hasn’t been very active in its news lately. However, we may see some year-end speculative information from the company’s Q3 report. In a shareholder letter, Assaf Wand, founder and CEO of Hippo, discussed the strong performance from the quarter. It was strong enough to raise the steering for the end of the year.
“Reflecting our strong performance in the third quarter and our expectations for continued momentum in the fourth quarter, we are raising our 2021 guidance for Total Generated Premium from $560 to the $570 million we shared last quarter, to $600 to $605 million.”
HIPO stock government deals
Illinois representative Marie Newman presented her latest deals in a periodic transaction report in early December. Among the names like Amazon, Apple and Coinbase, Hippo Holdings was the new property of her husband. Similar to Wasserman Shultz, Newman reported purchase amounts ranging from $1,001 – $15,000.
3. NGL Energy Partners (NYSE: NGL)
If you have followed energy stocks lately, you are well aware of the volatility of the market at the moment. The past few weeks have seen a huge boost in oil prices. But Friday’s work is the stark opposite. Amid the economic recovery coupled with virus fears, prices have fluctuated. But that hasn’t stopped traders from buying energy stocks and speculating on a more robust global economy in 2022.
NGL Energy Partners stock has mimicked the general trend of the industry to some extent. Shares of a penny have jumped nearly 20% so far this year. NGL is a midstream energy company that deals with the logistics of crude, natural gas and other liquids. It also transports and disposes of water generated from drilling operations. With a focus on Environmental, Social and Governance – ESG – initiatives this year, many companies are focusing on ESG plans in the energy industry.
New Developments of NGL Energy Partners and NGL Stock News
There were not many new titles from the company. However, when talking about ESG initiatives, one of the most notable recent NGL earnings has been the Water Solutions business. According to the company, “Produced treated water volumes increased approximately 37% compared to the same period in the prior year, with volumes increasing by approximately 94,000 barrels per day, or 5.6%, versus the previous quarter.”
Read: 3 Short squeezes of Penny stocks to buy under $5 right now
Additionally, NGL insiders have added some speculation to market trends. EVP John Ciolek and CEO Michael Krimbill both purchased shares of NGL stock before the end of the year. The two purchased 45,000 and 100,000 shares, respectively, at average prices between $1.9444 – $1.9475.
Stock Trading in NGL
Unlike the other names on this list, the official government to trade in NGL shares has reported the latest sale. However, a look at the history of the activity shows that this is a more active position for the actor.
As reported earlier this week, Representative Mark Edward Green of Tennessee revealed his activity in NGL shares. In November he bought $15,000-$50,000 and in December he announced a sale of $15,000-$50,000. Although the last trade was a sell order, if you look at the past few months of Rep’s activity. Green in NGL specifically, he has been buying. This includes reported purchases of $100,001 – $250,000 last January.
Penny Stock & Government Trading
Like small stocks with insider buying, the “follow the money” strategy is one part of the broader due diligence process. It’s great to see where insiders and officials are hiding their money. Since you are the one who decides whether to buy or not, doing as much research as possible is warranted. Are any of these on your list of small stocks to watch this year?
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