Summary:
⚈ Her PLTR investment followed a $30M ICE contract awarded to the firm.
⚈ Timing of trade raised suspicions given contract and rapid stock surge.
Within the veritable deluge of stock trade filings during the Liberation Day turmoil and ahead of the China trade deal boom, Marjorie Taylor Greene’s investment in Palantir (NASDAQ: PLTR) stands out as particularly lucrative in no small part thanks to the April contract with the U.S. Immigration and Customs Enforcement’s (ICE).
The Representative invested up to $30,000 in PLTR stock in two purchases on April 8 and April 9, as picked up by Finbold’s Congressional trading radar at the time of the filing on April 11.
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When the Palantir stock buys were executed, the technology company’s equity was trading at $77.32 and $92.01, while its value stood at a record $128.10 at the latest close on May 13.
In total, Marjorie Taylor Greene is up 51.29% on the bet on average, and her original investment could have risen in value to as much as $45,387.
The curious case of Marjorie Taylor Greene’s Palantir ICE bet
Furthermore, the trade is particularly suspicious for its timing. Greene has previously deflected criticism for the investments mostly made during the Liberation Day turmoil lows by praising her fund manager.
Though the factors surrounding the PLTR trade are, generally, the same, another aspect of the investment became evident by the second half of April: it was an ICE bet at a time the law enforcement agency is especially strong.
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Palantir increased its government contract portfolio on April 18 when it was tasked to develop what has been dubbed immigrationOS for the force to the tune of $30 million. Though the weekend announcement failed to prevent a Monday, April 21, stock market drop for PLTR, it exploded in value in subsequent days.
Featured image via Shutterstock
