Skip to content

This little-known stock surged 30% since US Senator bought it

This little-known stock surged 30% since US Senator bought it

Last week, Finbold highlighted an intriguing development involving US Senator Tommy Tuberville, who recently lifted his hold on military promotions. 

Amid this legislative responsibility, the Senator emerged as one of Congress’s most active stock investors, conducting trades totaling around $11 million in stock and options. The overlap between financial activities and critical legislative duties, particularly promotions, raised ethical questions and concerns about potential conflicts of interest. 

However, the move was not a surprise considering that the 69-year-old made more questionable stock trades than any of his Senate counterparts.

Adding to these concerns, trading data platform Quiver Quantitative revealed another noteworthy transaction where the Senator purchased a less-known stock earlier this year, which, since then, has surged 30%.

What happened?

According to Quiver Quantitative’s post on December 11, Senator Tuberville purchased shares in PulteGroup (NYSE: PHM), a residential home construction company with a market capitalization of around $20 billion.

Since buying it two months ago, the stock witnessed a jump of more than 30%, trading at $96.05 at the time of publication.

PHM 1-month price chart. Source: Finbold

The move represents yet another timely-launched trade made by the US politician. 

“Tuberville has made many suspiciously well-timed trades, so I called this one out when it was disclosed.”

– Quiver Quantitative noted in its post. 

Earlier posts by the same X account highlighted that Tuberville conducted “more suspicious trades than any other Senator.”

Unsurprisingly, he was also a vocal critic of the recent proposal to ban congressional stock trading, a subject of growing controversy. Tuberville deemed the proposal “ridiculous,” saying it would “really cut back on the number of people who want to come up here and serve.”

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

Services

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.