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Insiders are Dumping Shares: From Congress to Big Tech


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 2 months ago '04        #1
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ItAlY2BkLyN  topics gone triple plat - Number 1 spot x5
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Props total: 88298 88 K  Slaps total: 15956 15 K
icon Insiders are Dumping Shares: From Congress to Big Tech
 

 
The trend of share dumping that we saw this week with Amazon (AMZN) CEO Jeff Bezos and META CEO Mark Zuckerberg continues in Congress - with a massive sale volume filed by Senator Tuberville.

Weíve also continued to see many interesting developments within the alternative data we scrape and publish. Hereís a snapshot of what we saw in some of our datasets last week:

LAST WEEKíS CONGRESSIONAL TRADES

Insights from our Congress Trading Dashboard

Senator Tommy Tuberville filed 58 sales across multiple sectors, including Adobe (ADBE), Eli Lilly (LLY), and Monster (MNST). His only purchases were of Apple (AAPL) and Proctor and Gamble (PG). Tuberville is known for being one of the most successful congressional investors and across 4 different committees, serves on 9 subcommittees.

Representative Kevin Hern filed purchases of JP Morgan (JPM) and Costco (COST) and sales of Exact Sciences (EXAS) and Vuzix Corporation (VUZI). Since his sales, EXAS and VUZI have dropped over 25%. Hern has a trade volume of $109.01M since he entered Congress in 2018.

Senator Shelley Moore Capito filed sales of Eversource Energy (ES) and Enbridge (ENB). Capito serves on the Committee on Commerce, Science, and tr@nsportation.

Representative Scott Peters filed a large purchase of private fund Lynett Capital Partners. Peters sits on the Committee on Budget.

Representative Josh Gottenheimer filed 22 security purchases, including Taiwan Semiconductors (TSM) and multiple energy sector companies. He also filed 12 security sales, including Tesla (TSLA) and SPX Technologies (SPXC). Gottenheimer sits on the Committee on Financial Services and had the highest trade volume in Congress in the last year.

Representative Jonathan Jackson filed 4 security purchases, including Lam Research Corporation (LRCX) and Regeneron Pharmaceuticals (REGN). He also filed sales of Wayfair (W) and BP PLC (BP). Jackson sits on the Committees on Foreign Affairs and Agriculture.

To see more details about their trades, and how theyíve performed since, check out our Congress Trading Dashboard.

BEHIND THE CURTAIN HIGHLIGHTS

Insights from our Behind the Curtain Dashboard.

We are combining the data we've been collecting on corporate lobbying, congressional stock trading, and proposed legislation to allow you to track what is going on behind the scenes in Washington, D.C. You can use this tool to see which bills are being considered by Congress, which publicly traded companies are lobbying on those bills, and which congressmen have traded stock in those companies.

The FAA Reauthorization Act of 2023 currently has 4 publicly traded companies lobbying and 146 relevant congressional trades. Companies involved include Lockheed Martin (LMT) and Textron (TXT)

The DRUG Act currently has 6 publicly traded companies lobbying and 292 relevant congressional trades. Companies involved include Bristol-Myers Squibb (BMY) and Merck & Co (MRK)

The Mining Regulatory Clarity Act of 2023 currently has 2 publicly traded companies lobbying and 36 relevant congressional trades. The companies involved are Barrick Gold Corp. (GOLD) and Newmont Corporation (NEM).

Check out the Behind the Curtain dashboard for a full breakdown.

STOCK SCREENER TEASER

Quiverís stock screener allows you to see a ticker across dozens of datasets, including price changes, liabilities, social mentions, governmental involvement, insider trading, and more.

Looking at Amazon (AMZN), we can see they currently have 1.53M employees, their revenue is $574.79B, and they have upwards of $300B in liabilities.


To search stocks of your choice and see their performance and stats across other factors, check out Quiverís premium options.

OPENAI'S ALTMAN & UAE TAKE ON GLOBAL CHIP SHORTAGE WITH MULTI-TRILLION DOLLAR INVESTMENT

Insights from the Quiver News Feed

Sam Altman, CEO of OpenAI, is no stranger to ambitious undertakings. Known for spearheading efforts to achieve human-level artificial intelligence, Altman is now setting his sights on a challenge that could fundamentally alter the technological landscape: reshaping the global semiconductor industry. This initiative, marked by its colossal scale, seeks to dramatically increase the worldís capacity for chip manufacturing, a move critical not just for powering AI technologies but for advancing a myriad of other sectors. With discussions underway to secure funding from a range of investors, including the government of the United Arab Emirates, the project's aspirations stretch into the trillions of dollars, aiming for a monumental investment that could total between $5 trillion to $7 trillion.

The impetus behind Altman's ambitious venture is twofold. On one hand, it addresses a bottleneck that has long constrained OpenAI's growth: the scarcity of advanced graphics processing units (GPUs) necessary for training large AI models such as ChatGPT. On the other, it seeks to preemptively counter the limitations imposed by the current size and capacity of the global semiconductor industry, which, despite expectations of growth, remains insufficient to meet the burgeoning demands of AI and other high-tech endeavors.
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52 comments

 2 months ago '10        #2
MANNYSOSA  topics gone triple plat - Number 1 spot x2
Props total: 24940 24 K  Slaps total: 1704 1 K




Bill gates has nearly sold everything
+9   

 2 months ago '11        #3
Tony Franks  topics gone triple plat - Number 1 spot x2
Props total: 77574 77 K  Slaps total: 10690 10 K
oh god

 2 months ago '06        #4
Kundalini  topics gone triple plat - Number 1 spot x3
Props total: 16105 16 K  Slaps total: 2056 2 K
Bitcoin....
+2   

 2 months ago '10        #5
MANNYSOSA  topics gone triple plat - Number 1 spot x2
Props total: 24940 24 K  Slaps total: 1704 1 K
 Kundalini said 🔗
Bitcoin....
Also gold maybe? Its slid last week or two but still holding steady
+1   

 2 months ago '17        #6
Jjsmoothbigtime 
Props total: 2010 2 K  Slaps total: 82 82
I’m not an economist but people might have been celebrating that lowering inflation late last year and early this year too much. All that talk about the fed lowering the rates had the markets up and people feeling confident thinking we were clear of a recession. I’ve been noticing all these people selling and getting out of the market but Congress dumping is alarming since all them insider trade.
+9   

 2 months ago '10        #7
MANNYSOSA  topics gone triple plat - Number 1 spot x2
Props total: 24940 24 K  Slaps total: 1704 1 K
 Jjsmoothbigtime said 🔗
Iím not an economist but people might have been celebrating that lowering inflation late last year and early this year too much. All that talk about the fed lowering the rates had the markets up and people feeling confident thinking we were clear of a recession. Iíve been noticing all these people selling and getting out of the market but Congress dumping is alarming since all them insider trade.
Iím not an economist either but rate cuts now and you can kiss the whole sh1t goodbye. Inflation comes in waves and we are heading into wave 2. Rates need to go up
+3   

 2 months ago '22        #8
MONEY WORLD 
Props total: 16609 16 K  Slaps total: 14928 14 K
 MANNYSOSA said 🔗
Iím not an economist either but rate cuts now and you can kiss the whole sh1t goodbye. Inflation comes in waves and we are heading into wave 2. Rates need to go up
Right, it's looking like more and more that there won't be a rate cut this year.. That has the market spooked.
+3   

Top 10 most propped recently  2 months ago '17        #9
Dante Haversham  topics gone triple plat - Number 1 spot x18
Props total: 49731 49 K  Slaps total: 7118 7 K
@🔗

 2 months ago '20        #10
Born Bad 
Props total: 64715 64 K  Slaps total: 5490 5 K
 Jjsmoothbigtime said 🔗
Iím not an economist but people might have been celebrating that lowering inflation late last year and early this year too much. All that talk about the fed lowering the rates had the markets up and people feeling confident thinking we were clear of a recession. Iíve been noticing all these people selling and getting out of the market but Congress dumping is alarming since all them insider trade.
What do you think is happening bigtime?
+1   

 2 months ago '15        #11
Prad Bitt 
Props total: 22333 22 K  Slaps total: 1720 1 K
 Jjsmoothbigtime said 🔗
Iím not an economist but people might have been celebrating that lowering inflation late last year and early this year too much. All that talk about the fed lowering the rates had the markets up and people feeling confident thinking we were clear of a recession. Iíve been noticing all these people selling and getting out of the market but Congress dumping is alarming since all them insider trade.
They needed exit liquidity always counter mainstream media itís a greater fool theory Ponzi scheme thatís about to evaporate. Commercial Real Estate is about to crash regional banks, financial contagion will be unprecedented based on derivatives. Bailout is inevitable but the pain will have to set in to usher extreme pressure to act because the next wave of inflation will be biblical. You will own nothing and be happy.
+4   

 2 months ago '10        #12
MANNYSOSA  topics gone triple plat - Number 1 spot x2
Props total: 24940 24 K  Slaps total: 1704 1 K
 MONEY WORLD said 🔗
Right, it's looking like more and more that there won't be a rate cut this year.. That has the market spooked.
And then the flow on effect from that. In the middle of earnings reporting.
+3   

 2 months ago '17        #13
Jjsmoothbigtime 
Props total: 2010 2 K  Slaps total: 82 82
 Born Bad said 🔗
What do you think is happening bigtime?





Nothing good
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 2 months ago '17        #14
Jjsmoothbigtime 
Props total: 2010 2 K  Slaps total: 82 82
 Prad Bitt said 🔗
They needed exit liquidity always counter mainstream media itís a greater fool theory Ponzi scheme thatís about to evaporate. Commercial Real Estate is about to crash regional banks, financial contagion will be unprecedented based on derivatives. Bailout is inevitable but the pain will have to set in to usher extreme pressure to act because the next wave of inflation will be biblical. You will own nothing and be happy.
Yeah and the layoffs keep happening, Iím still trying to save my pennys for a rainy day. I remember people were shook in 2008, feels like it might be similar to that again.
+7   

 2 months ago '07        #15
MOTTAFOOKAH 
Props total: 8708 8 K  Slaps total: 1394 1 K
And no one says a word.. these bi#ches shouldnt be allowed to trade sh1t
+9   

 2 months ago '15        #16
mrwoodside 
Props total: 17801 17 K  Slaps total: 2440 2 K
emoji
+1   

 2 months ago '22        #17
zerogate  topics gone triple plat - Number 1 spot x5
Props total: 11832 11 K  Slaps total: 4647 4 K
I'd be nervous if they were shorting airliner stock.
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 2 months ago '18        #18
set117  topics gone triple plat - Number 1 spot x2
Props total: 32954 32 K  Slaps total: 3878 3 K
 Prad Bitt said 🔗
They needed exit liquidity always counter mainstream media itís a greater fool theory Ponzi scheme thatís about to evaporate. Commercial Real Estate is about to crash regional banks, financial contagion will be unprecedented based on derivatives. Bailout is inevitable but the pain will have to set in to usher extreme pressure to act because the next wave of inflation will be biblical. You will own nothing and be happy.
So what should the common man do to prep?
+3   

 2 months ago '20        #19
Bighempin  topics gone triple plat - Number 1 spot x8
Props total: 24091 24 K  Slaps total: 3332 3 K
Man what planet are y'all living on?

What are the signs y'all seeing in the real world. I mean when you drive thru your town or city what the fu#k are you seeing to have y'all taking like doomsday theorists?
+2   

 2 months ago '15        #20
Prad Bitt 
Props total: 22333 22 K  Slaps total: 1720 1 K
 Jjsmoothbigtime said 🔗
Yeah and the layoffs keep happening, Iím still trying to save my pennys for a rainy day. I remember people were shook in 2008, feels like it might be similar to that again.
The reason why itís likely stagflation first is demographics have failed and more boomers will retire next go.

 2 months ago '15        #21
Prad Bitt 
Props total: 22333 22 K  Slaps total: 1720 1 K
 set117 said 🔗
So what should the common man do to prep?
Stack, peep some ski1ls/ industries that will benefit from the next cycle, learn frugality, DCA into index funds when things look really really bad.
+3   

 2 months ago '15        #22
Prad Bitt 
Props total: 22333 22 K  Slaps total: 1720 1 K
 Bighempin said 🔗
Man what planet are y'all living on?

What are the signs y'all seeing in the real world. I mean when you drive thru your town or city what the fu#k are you seeing to have y'all taking like doomsday theorists?
Homelessness at all time highs in America, credit card defaults, evictions, cost of living, no one having kids etc etc
+7   

 2 months ago '18        #23
shooter  topics gone triple plat - Number 1 spot x31
Props total: 94509 94 K  Slaps total: 9991 9 K
 Bighempin said 🔗
Man what planet are y'all living on?

What are the signs y'all seeing in the real world. I mean when you drive thru your town or city what the fu#k are you seeing to have y'all taking like doomsday theorists?
aside from pending nuke war, putin admitting that the us has been begging for smoke while pretending to want peace, cost of living way out of wack with the average americans salary, homelessness, growing anti immigrant sentiment, growing anti black sentiment, militia groups around the country linking up in texas, texas threatening to leave the US. Those same militant groups are being allowed to snipe incoming border crossers no questions asked in Texas, increasing the militia groups taste for blood. two old racist senile low iq guys running for president. US is $34 TRILLION in debt.


+4   

 2 months ago '04        #24
prexero  topics gone triple plat - Number 1 spot x4
Props total: 5692 5 K  Slaps total: 836 836
That's the foundation

 2 months ago '10        #25
MANNYSOSA  topics gone triple plat - Number 1 spot x2
Props total: 24940 24 K  Slaps total: 1704 1 K
I do think nvidia beats expectations
+3   

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