Marjorie Taylor Greene’s controversial stock trade sparks outrage
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Legislation supported by U.S. Senator Jon Ossoff, which aims to ban members of Congress and their families from trading individual company stocks, cleared its first committee hurdle on July 25. Numerous U.S. politicians oppose this ban, and many claim that members of Congress should not be allowed to trade stocks. One of these is Representative Marjorie Taylor Greene, who said she “doesn’t own any stocks and hasn’t for 2023.” Despite this, Greene is back in the stock trading business, filing multiple new trades worth approximately $600,000 on July 24. Which stocks did Marjorie Taylor Greene exactly buy? A U.S. Representative from Georgia recently disclosed several new stock purchases. These include shares in Applied Materials (NASDAQ: AMAT), Corning (NYSE: GLW), Dell Technologies (NYSE: DELL), Duke Energy (NYSE: DUK), JP Morgan (NYSE: JPM), and United Parcel Service (NYSE: UPS), with each stock bought for $15,000, for a total stock investment of $90,000. Her most notable investment, which cost her $500,000, was the purchase of U.S. Treasury bills. Marjorie Taylor Greene trades. Source: Quiver Quantitative After a break from stock trading in 2023, Greene is busy in 2024 As she said in the interview, Greene didn’t have any reported stock trades during 2023; however, since 2024 started, she has been particularly busy. Data from Quiver Quantitative, a U.S. politician stock trade tracker, shows that Georgia Republican has been notably active in the first half of 2024, with a reported $1.91 million in stock purchases and $65,000 in sales. Marjorie Taylor Greene’s trading activity since assuming office. Source: Quiver Quantitative Despite saying that she doesn’t own any stocks in a Fox interview on January 3, her stock trading activity has been ongoing since she assumed office in 2021. Buy stocks now with eToro – trusted and advanced investment platform Disclaimer: The content on this…
Filed under: News - @ July 26, 2024 7:24 pm