A signal that cannot be ignored!
According to the latest data provided by a website specializing in the trading of US Congress members, US Senator and staunch supporter of Trump, Tommy Tuberville, recently sold 12 stocks at once, including well-known blue chip stocks such as Microsoft, Apple, and Johnson&Johnson.
Tommy Tuberville is an active trader with a high success rate in trading. It has long been criticized for its stock trading. Unusual Whales, a startup that helps investors track market activity, found that in 2023, the stock trading volume of Tuberville reached 389, ranking fourth among members of Congress. This number does not include complex option trading, which accounts for a significant portion of Tuberville trading.
So, what does Tuberville's action mean?
Reduce holdings of 12 stocks at once
According to data, on November 15th, Tommy Tuberville, a current senator from Alabama and a member of the US Senate Armed Services Committee, reduced his holdings of 12 stocks in one go. Among them, well-known companies such as Apple, Adobe, Johnson&Johnson, Honeywell, McDonald's, Microsoft, Nestle, etc.
Tuberville is a staunch ally of Trump. Elected as a federal senator from Alabama in 2020. This person is known for his deep red color and unwavering support for Trump. He used to be a college football coach, with a conservative stance and sometimes astonishing words. He once single handedly blocked the promotion path of hundreds of senior US military officers. From February to December 2023, Tommy Tuberville continued to obstruct the appointment of hundreds of senior US military officers in the Senate due to his dissatisfaction with the US Department of Defense's policy of facilitating cross state abortions for active duty military personnel, resulting in the first time in August that the three important positions of Commander of the Marine Corps, Chief of Staff of the Army, and Chief of Naval Operations in the United States did not have a chief officer.
Tuberville is more famous for stock trading. Unusual Whales, a startup that helps investors track market activity, found that in 2023, Tuberville's stock trading volume (389 transactions) ranked fourth among members of Congress. This number does not include complex option trading, which accounts for a significant portion of Tuberville trading. In 2022, AL.com reported that Tuberville and his wife made a profit of $50000 to $127000 by trading shares of ChannelAdvisor Corp.
In 2022, The New York Times analyzed the transactions of this Alabama senator and found 20 "possible conflicts of interest" between the companies and goods traded in Tuberville and their official business in the Senate. About one-fifth of the 101 companies or products traded in Tuberville and reported to the Senate Ethics Committee are considered by senators to have potential conflicts of interest. Because as a member of certain Senate committees, Tuberville can influence policies or obtain information.
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