John Rose Sells $4.25M in Alphabet Shares Amid Market Changes
John Rose's Significant Stock Sale
A recent report reveals that Representative John Rose executed a noteworthy stock sale, liquidating shares in Alphabet, valued between $4,250,009 and $14,500,000. The transaction details emerged following a periodic filing that disclosed the sale occurred on June 3.
Current Alphabet Share Performance
As of the latest trading session, Alphabet shares are under slight pressure, down 0.35%, with the stock priced around $178.9. This performance coincides with a series of significant trades conducted by Rose over the past few years.
Representative John Rose's Trading History
In the span of three years, John Rose has made 14 trades totaling over $5.83 million. His trading history is noteworthy, especially concerning Alphabet stocks. Highlighted transactions include:
- Alphabet GOOGL: Sale between $1,000,001 - $5,000,000
- Alphabet GOOG: Sale between $250,001 - $500,000
- Microsoft MSFT: Sale between $250,001 - $500,000
Insights into John Rose's Transactions
For further clarity, here’s a brief overview of John Rose's recent trading activity, showcasing several key transactions:
| Company | Ticker | Amount | Transaction Type |
|---|---|---|---|
| Fimm Money Market Port | FNSXX | $15,001 - $50,000 | Sale |
| JPMorgan U.S. Government | $1,000,001 - $5,000,000 | Sale | |
| Alphabet | GOOGL | $1,000,001 - $5,000,000 | Sale |
| Alphabet | GOOG | $250,001 - $500,000 | Sale |
| American Funds Capital | $250,001 - $500,000 | Sale |
Understanding Congressional Transactions
Congressional stock transactions have significant implications, as they often reflect the financial sentiment of public officials. Such transactions require any member of Congress to report stock purchases or sales, ensuring transparency in their financial conduct.
Importance of the STOCK Act
In April 2012, the STOCK Act was enacted to prevent insider trading among members of Congress. Under this law, Congress members must file a Periodic Transaction Report within 30 days of being informed of their transactions.
Investor Perspective on Congressional Trades
While congressional transactions shouldn't be the sole deciding factor for investment decisions, they can provide meaningful insights. For instance, if a politician makes a purchase, it can signal optimism about that stock. Conversely, selling may reflect various strategies or responses to market conditions.
Conclusion
Representative John Rose's recent sale of Alphabet shares sheds light on the investment strategies of lawmakers and their potential influence on market perspectives. Engaging with trades made by public officials can help investors gauge potential market movements, adding another layer to their research and decision-making processes.
Frequently Asked Questions
What prompted John Rose's recent stock sale?
John Rose's decision to sell stocks in Alphabet is part of a broader financial strategy and reflective of current market conditions.
Why are congressional stock transactions monitored?
These transactions are monitored to maintain transparency and integrity in the financial dealings of public officials, as outlined by the STOCK Act.
How often does Representative John Rose trade stocks?
Over the past three years, Representative John Rose has engaged in 14 trades, totaling more than $5.83 million.
What is the potential impact of congressional trades on the market?
Market watchers and investors may react to congressional trades as they could indicate confidence or apprehension about certain stocks.
Where can I track congressional stock trades?
Many platforms now provide tools for tracking trades made by Congress members, offering insights into their investment patterns.
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