What stocks Senators are buying?
Stocks to Buy: Wells Fargo (WFC) Source: Ken Wolter / Shutterstock.com. Wells Fargo has been one of the best performing bank stocks this year, up 50% year-to-date at $45.13 a share. And senators ...
What stocks are politicians buying?
Wall Street is struggling with extremely serious headlines. Politicians are playing with fire in the matter of the Russian and Ukraine struggles. Moreover, economic politicians are also reeking havoc with equity prices making it difficult to find stocks to buy on dips. Investors’ fundamental homework is meaningless if we enter into a world war.
Why members of Congress should not trade stocks?
There has been a battle brewing over the past few months about whether Congress should be able to freely trade stocks. The central concern is whether it would allow conflicts of interests and huge financial influences over legislation.
Which Congress members sold stock?
The Justice Department closed its insider trading investigations of Loeffler and Burr without filing charges, as well as of California Democratic Sen. Dianne Feinstein, whose husband sold stock unrelated to the pandemic; she said she did not attend the private briefing.
What companies did Lisa Loeffler own?
Loeffler not only sold shares of Exxon Mobil, Ross Stores, AutoZone, and other companies whose value subsequently dropped, on average, 30 percent, according to The Daily Beast. She also purchased stock in two tech companies, one of which specializes in teleworking software.
How much did Dianne Feinstein sell?
Sen. Dianne Feinstein (D-Calif.), a member of the Intelligence Committee, and her husband sold $1.5 million to $6 million worth of shares in San Francisco biotech firm Allogene Therapeutics between Jan. 31 and Feb. 18, The New York Times reports, citing financial disclosure forms. Sen.
Why did the US senators sell stock?
Four U.S. senators sold stock after receiving sensitive briefings in late January about the emerging threat of the coronavirus, sparking concerns that they put safeguarding their private finances before their duty to protect public health.
Who sold stock after the briefings?
Two other members of the Intelligence Committee, Senator Dianne Feinstein, a Democrat from California , and Senator James Inhofe, an Ok lahoma Republican, also sold stock after the briefings, according to financial records.
How much did Feinstein sell?
Feinstein made transactions on Jan. 31 and Feb. 18, selling between $1.5 million and $6 million worth of shares in Allogene Therapeutics, a biotech company. Inhofe sold $400,000 worth of stock on Jan. 27, including PayPal and the real estate company Brookfield Asset Management.
