In 2020, due to the COVID pandemic, futures of businesses and entire economies turned heads in concern. Most establishments suffered, but some lucky few stood out, largely tech-based. Instead, the demand for these companies’ products rose as remote working and freelancing were favored. Stocks that raged included $PYPL, $NFLX, $SHOP. But one stock that took center stage in the media, and continues to stand there, is Microsoft (NASDAQ: MSFT).
The Secret of Success
From 2020 to 2021, Microsoft’s products, from Office to Azure, brought in more revenue than in the past. In the first quarter of 2021, the company yielded profits of $37.2 billion, which was 12% more than its earnings in Q1 2020. On 16 Sep'2021, $MSFT’s price reached an all-time high of $305.22. This was approximately 37.2% higher than the share price on 31 December 2020.
As research would have it, more than a hundred US Politicians bought and sold significant numbers of the tech stock in the past years. Twenty-two lawmakers traded in 2021 alone. But four individuals made transactions valued in the margin of $500K to $25M. All four are representatives of different states:
- Susan K. Delbene, Washington
- Patrick E. Fallon, Texas
- Joshua Gottheimer, New Jersey
- Nancy Pelosi, California
The Expensive Transactions
Belonging to the same state as Microsoft’s Headquarters, Delbene’s husband sold stock on 4 March’21. The total price ranged from $500K to $1M. He made further purchases later in Aug’21, this time costing from $5M to $25M. Delbene herself comes from a Business background and has only ever traded in the IT sector.
Patrick E. Fallon obtained shares worth between $500K & $1M on 19 Jan’21. The share price at the time was $216.44 and went up to $244.20 on 17 Feb’21 when Fallon sold shares. Alas, both these trades were reported on 17 June’21, well beyond the 40-day mark.
Joshua Gottheimer, New Jersey’s Representative, trades in a variety of sectors, especially IT, and sits on the Financial Services Committee. Gottheimer toggled between selling and purchasing Microsoft’s shares, in two days. On 12 Feb’21, he sold around 6M shares valued in the range of $1M to $5M. Later, he acquired the same amount of shares, in the same price range on the same day. Gottheimer repeated this activity later on 18 May’21, when he let go of 7.5M shares and purchased 6M shares. The price of $MSFT on the day was $243.08.
Microsoft’s stock was also traded by Nancy Pelosi’s husband, whose name has already been rife in the media for trading stocks worth millions. In two separate transactions, he bought 15,000 and 10,000 shares, at the rates of $130.00 and $140.00 respectively. This landed the shares’ worth between 1M to 5M USD.
What’s Coming after Success?
The pandemic progressed the revenues of many tech companies. Subsequently, stock prices soared too, and $MSFT remains a popular choice among investors.
In Dec'20, the organization announced its plan to spend over $100 million to kickstart the post-COVID recovery period in its home state Washington. If people running the country are still investing, their trades can be cues that this Giant isn’t going to sleep anytime soon.