Recent Report Shows That Rep. Jennifer McClellan Sold Up to $100K Worth of Verizon Communications Stock
Portfolio Pulse from Benzinga Insights
Virginia Representative Jennifer McClellan sold Verizon Communications (NYSE:VZ) stock valued between $50,001 and $100,000 on June 1, 2023, according to a recent report. Verizon shares are trading down 5.42% at $33.78.

June 02, 2023 | 3:05 pm
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NEGATIVE IMPACT
Rep. Jennifer McClellan sold up to $100,000 worth of Verizon Communications stock, with shares trading down 5.42%.
The sale of Verizon Communications stock by Rep. Jennifer McClellan may have a negative short-term impact on the stock price, as it could be perceived as a lack of confidence in the company's future performance. However, it is important to note that congressional transactions should not be used primarily to make investing decisions, and the reasons for the sale may not necessarily indicate a negative outlook for the stock.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100