In recent months, members of Congress have increasingly shown a notable inclination toward technology giant Alphabet (NASDAQ: GOOGL), as evidenced by a series of stock purchases.
To illustrate this trend, charting platform TrendSpider likened the wave of transactions to how “blood attracts sharks,” highlighting a buying behavior pattern dominated by Reps. Marjorie Taylor Greene and Ro Khanna.
Specifically, several transactions took place in April and May 2025. Greene made two separate Congress trades on May 5 and May 14, each valued between $1,001 and $15,000.
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Similarly, Rep. Robert Bresnahan bought Alphabet stock on April 11, while Rep. Ro Khanna (D) made his acquisition on April 9.
Interestingly, not all lawmakers followed this trend. Josh Gottheimer sold his GOOG shares on the same day Khanna bought in, diverging from the otherwise bullish sentiment.
GOOG stock bullish set-up
From a technical perspective, this congressional trading activity coincided with a bullish “cup-and-handle” formation on the daily candlestick chart, a continuation pattern associated with upcoming breakouts.
The accumulation phase began after GOOG bottomed in early April and proceeded to form a rounded base. During this basing phase, several congressional buys occurred at or near key technical inflection points.
Most recently, Alphabet’s stock broke above the $160 resistance level, supported by strong trading volume. The volume profile also validated the breakout, which shows firm support at that level. The equity ended the last session valued at $169.
However, these transactions are likely to spark concern about potential misuse of insider information, particularly when lawmakers appear to front-run or benefit from non-public developments.
Importantly, Alphabet’s recent momentum has also been driven by excitement surrounding its artificial intelligence (AI) strategy. Following its 2025 Google I/O conference, the company unveiled a major advancement: introducing “AI mode” in Google Search.
This development marks a notable milestone in Alphabet’s broader shift toward AI-powered services and appears to be a key catalyst behind the stock’s recent rally.
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