Representative Debbie Wasserman Schultz of Florida might be a standout controversial figure in an already frequently contentious crowd.
Not only is the Congresswoman a famed trader – reported as the best in Congress in 2022 – but her political career is also not free of tumult as she had to resign as the Democratic National Committee (DNC) chair due to allegations of bias.
Wasserman Schultz’s most recent suspicious activity was connected to her investment in Viasat (NASDAQ: VSAT) stock in October 2024.
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Specifically, the trade was strange for several reasons – not the least of which being VSAT shares’ poor performance since the start of the year and the Represenative’s role in the Military Construction, Veterans Affairs, and Related Agencies Committee.
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Congresswoman in the red on her Viasat stock bet
The investment is made even odder by the fact that the politician is, in fact, in the red on her Viasat stock purchase.
Specifically, Debbie Wasserman Schultz bought VSAT shares on October 23, as revealed by Finbold’s Congressional Trading Radar, at an approximate price of $10.23.
At press time on December 23, the stock is trading at $9.18.
Such a setup means that the Congresswoman might have lost anywhere between $102 and $1,540 in two months, as her investment was reported as worth between $1,001 and $15,000.
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Why Wasserman Schultz could go ‘to the moon’ on her VSAT stock bet
Still, most recent developments may provide a glimpse into the information possibly used for the stock pick.
Viasat has – along with Intuitive Machines (NASDAQ: LUNR) – been selected by NASA to aid in the space agency’s commercial direct-to-Earth capabilities program called the Near Space Network. The cumulative value of the contract stands at $4.82 billion, according to December 21 reports.
Receive Signals on SEC-verified Insider Stock Trades
This signal is triggered upon the reporting of the trade to the Securities and Exchange Commission (SEC).
Copy traders record stellar returns on Congressional Viasat stock trade
Finally, the case of Representative Wasserman Schultz’s investment in Viasat stock is also peculiar in that, unlike the politician herself, traders who attempt to copy trade Congress would have benefitted significantly more.
While the original buy was made on October 23, it wasn’t reported until November 20. During this period, VSAT shares plummeted to $6.93, meaning that the Congresswoman purchased the stock at $10.23 and copy-traders at a significantly lower $6.93.
Ultimately, this has led to the press time situation in which Debbie Wasserman Schultz is down 10.26%, and regular investors are up 32.47% on Viasat shares.
Featured image via Shutterstock
