Insights into Congressional Trading: A Deep Dive into Microsoft Transactions
Portfolio Pulse from Benzinga Insights
Over the past three months, 6 congressional members have traded over $53,011 worth of Microsoft stock, with the stock increasing by 32.54% during the same period. The buy-side activity is not overwhelming, with 63.64% of the total amount traded being purchases and 36.36% being sales.
June 06, 2023 | 2:32 pm
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Congressional members traded $53,011 worth of Microsoft stock in the past three months, with the stock increasing by 32.54%. Buy-side activity is not overwhelming, with 63.64% purchases and 36.36% sales.
The article mentions that congressional members have been trading Microsoft stock, with a majority leaning towards buy-side activity. However, the buy-side activity is not overwhelming, indicating that the impact on the stock price may be neutral in the short term. The stock has increased by 32.54% over the past three months, which could be a contributing factor to the buy-side activity, but it's important to consider other factors such as financials, analyst ratings, and broader market trends before making any investment decisions.
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