U.S. politician makes suspicious biotech stock bet
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⚈ Congresswoman April McClain Delaney bought Bio-Techne stock twice in April 2025. ⚈ The stock has dropped nearly 30% year-to-date and remains unprofitable post-purchase. ⚈ Delaney’s committee roles suggest potential informational advantages in biotech-related decisions. Finbold’s congressional trading radar has recently picked up a suspicious stock bet made by Maryland congresswoman April McClain Delaney involving a low-profile biotech stock. The representative purchased Bio-Techne Corp stock (NASDAQ: TECH) twice, on April 9 and April 29, as revealed in a May 2 Periodic Transaction report. Receive Signals on US Congress Members’ Stock Trades Stocks Stay up-to-date on the trading activity of US Congress members. The signal triggers based on updates from the House disclosure reports, notifying you of their latest stock transactions. Enable signal Periodic transaction report detailing Delaney’s purchases. Source: Clerk of the House of Representatives Both purchases were valued at between $1,001 and $15,000. At the time of her first purchase, TECH stock was trading at $54.07, and had fallen to $50.50 by the time of her second acquisition. At press time on May 5, TECH stock was changing hands at $50.44, having marked a 29.98% decrease in price since the start of the year. TECH stock price year-to-date (YTD) chart. Source: Finbold The congresswoman’s trade hasn’t turned profitable yet — TECH shares have lost 6.7% in value since her first trade, and 0.11% since her second. However, April McClain Delaney’s purchases could be a sign that the fortunes of Bio-Techne Corp stock are about to change. Why Delaney’s biotech stock purchase raises eyebrows So, why was this trade suspicious? The biotech stock has mostly flown under the radar on Capitol Hill. Besides Delaney, only three other members of Congress have traded the stock — two of which have since closed their positions. Moreover, the congresswoman is currently a member…
Filed under: News - @ May 5, 2025 4:25 pm