Although some United States politicians’ practice of trading assets, primarily stocks, that they might have insider information on, is starting to attract more scrutiny, many of them continue to do so, including certain Senators who have sold or purchased assets in the last month.
Indeed, members of the U.S. Senate, which, alongside the House of Representatives, forms the U.S. Congress, have not been immune to suspicious trades, considering that a lot of them are privy to knowledge unavailable to the wider public, including recently, as evident utilizing Finbold’s U.S. Senators stock trading radar, with verified SEC updates.
US Senator Buy/Sell Signal
Stay up-to-date on the trading activity of US Senators. This signal triggers based on SEC updates on all the trades that are made by US Senators. Learn more.
#1 Shelley Moore Capito
On August 28, Republican Senator from West Virginia, Shelley Moore Capito bought up to $15,000 worth of Broadcom (NASDAQ: AVGO), in addition to purchasing up to $15,000 in Nike (NYSE: NKE) shares on August 27, and selling up to $15,000 in the stock of Norfolk Southern Corp. (NYSE: NSC) on August 22.
At press time, the price of her latest traded stock, Broadcom, stood at $147.52, recording an increase of 5.25% on the day, declining 1.27% across the past week, as well as losing 0.28% in the last month, but nonetheless holding onto the 35.91% gain year-to-date (YTD), according to the senate stock watcher.
Broadcom stock price YTD chart. Source: Finbold
#2 Sheldon Whitehouse
Meanwhile, the senator investment tracker alerted that Rhode Island Democrat Senator Sheldon Whitehouse sold up to $15,000 worth of Snowflake (NYSE: SNOW), a platform providing data storage via cloud computing and facilitating data analysis and simultaneous access of data sets with reduced latency, on August 15. As it turns out, this was the only notable sale of Snowflake shares by politicians in the last 12 months.
As it happens, SNOW stock was last changing hands at the price of $110.27, up 0.28% on the day, having dropped 1.03% on the week and as much as 10.37% across the month, adding up to the decline of 41.69% this year, according to the latest data retrieved by Finbold on September 11.
Snowflake stock price YTD chart. Source: Finbold
#3 Thomas R. Carper
Finally, Thomas R. Carper, a Delaware Senator from the Democratic Party, has not been notably active in the stock market lately. Still, on September 3, he reported multiple sales of U.S. Treasury bills amounting up to $400,000, which he had carried out on August 1.
Interestingly, Warren Buffett, the legendary investor and CEO of Berkshire Hathaway (NYSE: BRK.A), currently owns $235 billion in T-Bills, or 4% of all U.S. T-Bills issued to the public, which is substantially more than what the Federal Reserve holds ($195 billion), as Finbold reported on August 6.
U.S. 1-year Treasury Bill returns YTD chart. Source: MarketWatch
Conclusion
All things considered, the above U.S. Senators have executed and/or reported notable trades in the past month, joining the troves of other American politicians, including House Representative Suzan K. DelBene, who sold up to $250,000 worth of Microsoft (NASDAQ: MSFT) on August 31.
Suzan K. DelBene’s Microsoft stock sale. Source: Finbold
US Congress Buy/Sell Signal
Stay up-to-date on the trading activity of US Congress members. This signal triggers based on SEC updates on all the trades that are made by US Congress members.
However, it is important to remember that, while some of these politicians might, indeed, have insider information leading their hand, trends in the stock market can easily change, so doing one’s own research and weighing all the risks is critical when investing.
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