It doesn’t look like Senators are wild about meme stocks yet, but...
Senate stock sales do outnumber purchases 2 to 1. We’ve recorded 118 stock sales and 56 stock purchases by Senators so far this year. One notable trade: Senator Pat Toomey (R-PA) bought into crypto in June. He joins Senator Cynthia Lummis (R-WY) as the only Senators to invest in cryptocurrency (along with 3 House Members). Both Toomey and Lummis sit on the Senate Banking Committee.
WHAT SENATORS ARE SELLING
118 total stock sales
Most Sold Sectors
Technology: 35 sales
Consumer Cyclical: 16 sales
Consumer Defensive: 11 sales(tie)
Communication Services: 11 sales
Financial Services: 11 sales
Most Sold Industries
Semiconductors: 9 sales (tie)
Semiconductor Equipment & Materials: 9 sales
Banks - Diversified: 8 sales
Entertainment: 7 sales
WHAT SENATORS ARE BUYING
56 total stock purchases
Most Bought Sectors
Technology: 23 purchases
Financial Services: 9 purchases
Communications Services: 6 purchases(tie)
Consumer Cyclical: 6 purchases
Most Bought Industries
Consumer Electronics: 6 purchases
Semiconductor Equipment & Materials: 5 purchases
Banks - Diversified: 4 purchases (tie)
Computer Hardware, 4 purchases
Notes: Data from 2021 trades disclosures through 7/7/21.
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If you missed our first 2 newsletters, check them out here:
PSN-1 | Which Politicians are Rich?
PSN-2 | Who Day-Trades in DC?