A look at the transaction and why it's important.

What Happened: Rep. Pete Sessions (R-Texas) has been known to buy stocks in small quantities over the past two years, often betting on technology and consumer staples for sectors.

Sessions has filed disclosures of selling many stocks in recent months, including top technology names like Apple Inc (NASDAQ:AAPL) and Microsoft Corp (NASDAQ:MSFT).

The main thing Sessions has disclosed buying has been U.S. Treasury Bills, which have been purchased on multiple occasions in 2023.

Sessions also disclosed purchasing Nvidia shares in September with three shares purchased at $1,344 for around $448 each.

Another transaction in June saw Sessions disclose the purchase of one share of Nvidia for $424.53.

Back in July 2022, Sessions disclosed buying 15 shares of Nvidia.

Related Link: 10 Best Stock Traders In Congress In 2022 (Spoiler: Nancy Pelosi Isn't No. 1)

Why It's Important: Sessions serves on several committees including the House Committee on Oversight and Accountability and the House Committee on Financial Services.

While Sessions purchases were smaller than the recent disclosure from Pelosi, they came when the chip stock could get a boost from decisions related to China from the government.

The recent purchases of Nvidia by Sessions could show how many are betting on the stock to outperform going forward despite a 245% increase year-to-date in 2023.

Sessions is selling stocks like Microsoft, Apple and McDonald's and buying up Nvidia shares, sometimes one share at a time.

NVDA Price Action: Nvidia shares trade at $495.22 on Thursday versus a 52-week trading range of $140.34 to $505.48.  

Read Next: Nvidia Becomes Ninth Company To Hit $1-Trillion Market Cap — Which Stock Could Be Next To Join Elusive Club?

Photos: Shutterstock