Florida Rep. Scott Franklin Sold Over $50K Worth of Cisco Systems Stock: Here's What You Should Know
Portfolio Pulse from Benzinga Insights
Florida Representative Scott Franklin sold Cisco Systems (NASDAQ:CSCO) stock valued between $50,001 - $100,000, according to an October filing. The exact amount of the transaction remains unknown. Cisco Systems shares are trading down 0.05% at $53.83 at the time of writing. Congressional transactions can be an important factor for an investor to consider, but they shouldn't be used primarily to make an investing decision.
October 13, 2023 | 3:05 pm
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Florida Representative Scott Franklin sold Cisco Systems stock valued between $50,001 - $100,000. The shares are trading down 0.05% at the time of writing.
The sale of a significant amount of Cisco Systems stock by a prominent figure like Representative Scott Franklin could potentially influence other investors' perceptions of the company, possibly leading to a short-term decrease in the stock price. However, it's important to note that congressional transactions shouldn't be used primarily to make an investing decision.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100