Representative James Comer, Chairman of the House Committee on Oversight and Accountability, made just one stock trade the day after Donald Trump was inaugurated in January 2025.
The move? A purchase of Palantir Technologies Inc. (NASDAQ: PLTR) which was highlighted by Finbold earlier in the year.
According to financial disclosure data, Comer bought between $1,001 and $15,000 worth of Palantir stock on January 21, 2025, just 24 hours after the presidential swearing-in. The transaction was officially disclosed on February 11, 2025, in line with congressional reporting rules.
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Since that purchase, Palantir’s stock has surged more than 82%, closing at $132.04 on June 2, up $0.26 (0.20%) for the day.
Palantir stock continues to rise
Palantir, a software and data analytics firm with strong ties to U.S. government agencies, has seen growing investor interest as national security and defense-related technologies return to the spotlight under the Trump administration.
The timing of Comer’s trade, immediately following a major political shift, has raised eyebrows among market watchers tracking congressional trading behavior.
While the purchase falls within legal trading limits, the purchase of PLTR when it was trading around $73 adds to ongoing discussions around the intersection of policy making and personal investing among lawmakers.
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