Congresswoman’s Investment Update in Popular Stocks
Recently, Republican Representative Marjorie Taylor Greene updated her stock portfolio with investments in top-performing equities that have been dominating the market in gains this year. Let’s take a look at her recent purchases and how they have performed.
Marjorie Taylor Greene’s Stock Acquisitions
Marjorie Taylor Greene made significant investments totaling up to $90,000 across various major companies in the stock market. The transactions were officially filed on August 22, 2024, but they were executed a day earlier on August 21, 2024. Here are the details of some of her key purchases:
- Amazon (NASDAQ: AMZN): Greene acquired shares in Amazon, purchasing between $1,001 to $15,000 worth of stocks. However, the stock has since experienced a decline of 1.40%.
- FedEx (NYSE: FDX): She also invested a similar amount in FedEx, and this decision has paid off as the stock appreciated by 1.76% following her purchase.
- Alphabet (NASDAQ: GOOG): Despite Greene’s investment in Alphabet, the stock saw a slight dip of 0.47% after the transaction.
- Intel (NASDAQ: INTC): The stock price of Intel declined sharply by 5.31% after Marjorie Taylor Greene’s acquisition.
- Kinder Morgan (NYSE: KMI): Her investment in Kinder Morgan showed a modest gain of 0.95% post-purchase.
- Nvidia (NASDAQ: NVDA): Lastly, she added Nvidia to her portfolio, but the stock dropped by 2.90% after her investment.
Political Involvement in Stock Trading
It’s interesting to note that Marjorie Taylor Greene had previously experienced losses in stock selections including Trump Media (NASDAQ: DJT) and Crowdstrike (NASDAQ: CRWD) before her recent purchases. This trend raises questions about potential conflicts of interest in the stock choices of politicians involved in trading.
Reports indicate that Congress members collectively made $11.8 million in unrealized gains in the stock market on August 23, marking one of the largest daily gains in history. Former House Speaker Nancy Pelosi is among the notable winners, with her investments in Nvidia attracting significant attention.
Call for Stricter Regulations
These stock trades by members of Congress occur during a time of increased scrutiny over congressional stock trading practices. There are growing calls for stricter regulations to prevent potential conflicts of interest and ensure transparency in stock market dealings.
Hot Take: Conclusion
As Congresswoman Marjorie Taylor Greene updates her stock portfolio with investments in popular companies, the performance of these equities could have significant implications for her financial standing. The ongoing debate surrounding political involvement in stock trading highlights the need for transparent and ethical practices to maintain public trust and accountability in financial transactions.
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