Skip to content

Small-cap energy stock rockets 110% since US Congressman bought it

Small-cap energy stock rockets 110% since US Congressman bought it

In recent years, congressional trading has emerged as a contentious issue, drawing attention to the financial activities of numerous US Congressmen and Representatives. 

Controversy surrounds the substantial fortunes amassed through stock trading, raising concerns about the potential use of insider information to execute impeccably timed trades. Despite the gravity of these allegations, mainstream media has largely overlooked these transactions. 

Today, on December 20, we delve into the latest eyebrow-raising trade—a little-known energy stock that skyrocketed by 110% after a Congress member’s purchase.

NGL Energy up 380% in 2023

Earlier this year, US Representative Mark Green bought up to $250,000 of a small-cap stock called NGL Energy (NYSE: NGL).

Since then, this stock which has a market cap of around $720 million, has soared more than 110%, according to trading data platform Quiver Quantitative

Remarkably, NGL skyrocketed approximately 380% since the start of the year, from $1.14 to $5.47.

NGL YTD price chart. Source: Google

The energy firm had a market cap of just around $500 million when Green made the transaction, the X account highlighted.

However, the US politician has been buying and selling this stock regularly, with his earliest trades in NGL dating back to July 2020, Quiver’s official website shows. The platform demonstrates nearly 100 filings related to Green’s trades in NGL over the past three and a half years. 

According to Quiver, the Representative “has made more than his annual salary” off the $250,000 trade that we mentioned earlier. 

A member of the Republican Party, Green has served as the US Representative for Tennessee’s 7th congressional district since 2019. Also, the 59-year-old has chaired the Committee on Homeland Security since 2023.

Buy stocks now with Interactive Brokers – the most advanced investment platform


Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

Best Crypto Exchange for Intermediate Traders and Investors

  • Invest in cryptocurrencies and 3,000+ other assets including stocks and precious metals.

  • 0% commission on stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.

  • Copy top-performing traders in real time, automatically.

  • eToro USA is registered with FINRA for securities trading.

30+ million Users
Securities trading offered by eToro USA Securities, Inc. (“the BD”), member of FINRA and SIPC. Cryptocurrency offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. Finbold.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB and/or the BD

Read Next:

Finance Digest

By subscribing you agree with Finbold T&C’s & Privacy Policy

Related posts

Sign Up

or

By submitting my information, I agree to the Privacy Policy and Terms of Service.

Already have an account? Sign In

Disclaimer: The information on this website is for general informational and educational purposes only and does not constitute financial, legal, tax, or investment advice. This site does not make any financial promotions, and all content is strictly informational. By using this site, you agree to our full disclaimer and terms of use. For more information, please read our complete Global Disclaimer.