🚀 AI-picked stocks soar in May. PRFT is +55%—in just 16 days! Don’t miss June’s top picks.Unlock full list

Congressman Meuser sold hundreds of thousands worth of Nvidia stock in February

Published 03/22/2024, 10:54 AM
© Reuters

Congressman Dan Meuser, a Republican serving as the U.S. representative for Pennsylvania's 9th congressional district since 2019, disclosed today he was selling Nvidia (NASDAQ:NVDA) shares last month.

Meuser disclosed that the sale occurred on February 20, when Nvidia stock price closed at $694.52. The largest trade was in the range of $250,000 - $500,000. Moreover, Meuser completed two more sales, both in the range of $15,000 - $50,000.

Rep. Meuser selling Nvidia shares is nothing new. He has been continuously reducing his stake in Nvidia over the last few months. Back in 2023, he had reported two series of trades in May and August, all of them including Nvidia stock sale.

The Congressman had also sold some NVDA shares in early 2022, before the rapid advance in the stock price started. 

Earlier this month, Congressman Ro Khanna disclosed the $50,000 - $100,000 sale of Nvidia stock, which took place on January 10. Nvidia stock is up nearly 250% over the last 52 weeks and as much as 87% in 2024.

Also today, Congressman Meuser disclosed he bought US Treasury bills in a transaction valued at $250,000 - $500,000.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.