the office of california representative nancy pelosi has reported a sale of alphabet googl stock on january 12 2023 according to the periodic transaction report the transaction was placed on january 12 2023 what happened a periodic transaction report from the house of representatives clerks office on january 12 2023 showed that pelosi sold 1500003  3000000 of alphabet stock alphabet shares are trading down 075 at 9045 at the time of writing congressional transactions shouldnt be used primarily to make an investing decision however they can be an important factor for an investor to consider a congressional transaction is when any representative or senator either buys or sells an individual stock anyone working in congress must file a periodic transaction report to inform the public of their recent transaction within 30 days of being notified of the transaction and within 45 days of the transaction date when a senator or representative makes a new purchase that could be an indication that they expect the stock to rise a sale on the other hand can be made for a variety of reasons and may not necessarily mean that the seller thinks the stock will go down in april 2012 former president barack obama signed the stock act into law the act prohibits members of congress from using private information given to them by their position for personal gain such as buying or selling a stock the act also expanded disclosure requirements for members of congress by requiring them to file a monthly disclosure a january filing states that california representative nancy pelosi sold shares of alphabet the exact amount of the transaction remained unknown but the filing states a range of 1500003  3000000 this article was generated by benzingas automated content engine and reviewed by an editor