Though suspicious trades by U.S. politicians have become well-known and well-documented, 2024 and 2026 brought several news trends – Congressional meme coin traders and apparent Congressional day traders.
Perhaps the most notable example of the latter comes in the form of the newly-elected Representative Tim Moore – a Congressman who began rapidly buying and selling the same two stocks and a handful of exchange-traded funds (ETFs) almost as soon as he assumed office on January 3.
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What has Representative Moore been trading?
Specifically, Finbold’s Congressional trading radar picked up a deluge of February 15 filings revealing a strange pattern of purchases and sales of one small-cap-focused and one Super Micro Computer (NASDAQ: SMCI)-focused ETF.
Similarly, Moore has been actively trading the stocks of the automotive giant Ford (NYSE: F) and of the legendary motorcycle company Harley-Davidson Inc (NYSE: HOG).
Within just a month and a half, the Representative achieved an impressive trading volume of approximately $2.7 million spread across 24 trades.
For example, he purchased between $15,001 and $100,000 worth of HOG shares – with some variance between the investments – on January 3, 9, 13, 24, 29, and 30.
He sold the stock of the same company in transactions worth between $15,001 and $500,000 on January 7, 16, and 24.
The January 7 sale of no less than $250,001 worth of equity also showcases that the HOG investment – and perhaps the rapid-fire trading strategy – predates Moore’s assumption of office as the January 3 purchase was no larger than $100,000.
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Similarly, the Representative bought no more than $150,000 worth of F stock on January 3 and 6, and no more than $100,000 worth on January 8 and 13 while selling no less than $100,001 – and up to $250,000 worth – on January 7, and between $50,001 and $100,000 on January 21.
Is Representative Moore up on his quaint trades?
HOG and F stock market performance also appears to indicate Moore recorded middling success with his investments, For example, it would appear that he was mostly purchasing the shares relatively high and selling either at a loss or while remaining relatively neutral.
The final three Harley-Davidson investments appear like particular losers as the equity declined 7.33% from January 24, 4.36% from January 29, and 4.71% from January 30.
Though it is possible the Representative executed a sale he is yet to report, HOG stock’s press time price of $26.31 and performance in the last three weeks indicate there is a low likelihood of him making a profit.
Featured image via Shutterstock
