To recoup $120 million, 10 million shares would have to be sold for $12 each. The high for Canopy Growth shares on the Toronto exchange on Oct. 6 was $5.26, and it closed at $5.16. That means Pelosi would have had to sell them for more than twice market price.
The claim makes even less sense if considered using U.S. dollars, as that would mean Pelosi both bought and sold the stock at roughly three times the market price.
Purchases of stocks must be documented in periodic transaction reports that lawmakers file with the clerk of the House of Representatives. Online records do not show a report that could include a stock purchase on Oct. 2, although Pelosi would still have more than a month to file it.
Owning and trading stocks is legal for members of Congress, although some lawmakers in both parties have proposed a ban because of the potential to use non-public information to get an upper hand.
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