Nancy Pelosi sold 5,000 shares of PayPal Holdings, Inc. ($PYPL) just before the stock plummeted following a disappointing earnings report. The sale was valued between $250,001 and $500,000, with the stock closing around $59 per share. Since the sale, PayPal shares have dropped around 27%, with a 17% decline after the earnings report. PayPal reported Q4 revenue below estimates and announced a new CEO, Enrique Lores. Pelosi’s timely sale and PayPal’s challenges are worth watching as more details emerge. Matthew Kerr, a data analyst at Quiver Quantitative, is monitoring this developing story closely.

Read more at Quiver Quantitative: Nancy Pelosi Sold PayPal Stock Before 27% Drop as Shares Sink on Earnings Miss