United States representative from Georgia Marjorie Taylor Greene is among the most active stock traders in Congress, with recent data suggesting she might be mimicking her colleague from California, Nancy Pelosi.
Notably, Greene has escalated her purchases recently as Congressional involvement in the stock market continues to raise concerns about the possibility of leveraging insider information.
However, since making her trades, the outcomes haven’t worked in favor of the lawmaker, as she continues to be in the red. In this context, an analysis of the lawmaker’s four recent recent buys has returned an average loss of about 23%. Below are the returns from her recent purchases:
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CrowdStrike (NASDAQ: CRWD)
One of her recent purchases in the cybersecurity company CrowdStrike (NASDAQ: CRWD) has seen the politician lose 34% since adding the equity to her portfolio. In the June 24, 2024 transaction, Greene spent between $6,006 and $90,000.
Indeed, the transaction raised a question of conflict of interest, considering that the company is helping the Department of Defense manage cybersecurity operations. At the same time, Greene is a member of a House subcommittee overseeing the technology industry.
Although CrowdStrike has recently traded in tandem with the overall market, the stock’s trajectory was heavily impacted after the company experienced a major global IT outage that grounded most operations. This aspect has partly contributed to Greene’s losses.
CRWD was trading at $248 at press time, gaining by almost 1% in the last 24 hours.
ASML Holdings (NASDAQ: ASML)
Greene also invested in ASML(NASDAQ: ASML), possibly banking on the company’s involvement in the booming semiconductor sector. Notably, the June 24 transaction saw the politician spending between $1,001 and $15,000.
ASML creates semiconductors, and interest in the equity is largely due to its extreme ultraviolet lithography systems, which are leveraged in making leading-edge nodes. Since her purchase, the stock has dropped 25%, trading at $779 at press time. In 2024, the equity has gained by almost 5%.
Nvidia (NASDAQ: NVDA)
Following significant returns for representatives like Pelosi, Greene invested in the semiconductor giant Nvidia (NASDAQ: NVDA). Notably, Nvidia’s venture into the artificial intelligence (AI) space saw the stock rally almost 130% in 2024.
However, her purchase has not coincided with a period of bullishness for NVDA. In recent weeks, Nvidia has suffered notable losses mainly triggered by economic health concerns. Since her purchase on August 22, NVDA has dropped by 15.88%. Indeed, this is among the purchases by Greene that raised questions about whether she was copy-trading Pelosi.
In addition to the economic outlook, Nvidia continues to be weighed down by other factors, such as a possible antitrust investigation by the United States government.
NVDA was trading at $112 at press time, rallying over 2% in the last 24 hours.
Applied Materials (NASDAQ: AMAT)
Lastly, the politician is also in the red on her stake in semiconductor supplier Applied Materials (NASDAQ: AMAT), which has dropped by 18% since she purchased the stock on July 25.
It’s worth noting that AMAT has seen recent investor interest due to the company’s core business of developing and manufacturing systems required to produce semiconductors, including those designed for AI applications.
Notably, this business accounted for about 74% of the firm’s overall revenue in the second quarter of 2024.
At the time of reporting, AMAT was trading at $181 with daily gains of almost 1%. On a year-to-date basis, the equity is up 16%.
In summary, considering the significant amounts politicians earn from stock trading, whether Greene will follow the trend remains to be seen. Only time will tell, considering the recent purchases coincide with heavy market volatility.
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