EXCLUSIVE: Austin Scott Got 'Ratioed' On X, Loses Speaker Of The House Nomination, How Stock Trading Factored In
Portfolio Pulse from Chris Katje
Rep. Austin Scott's (R-Ga.) past stock trades were called into question on social media, impacting his bid for Speaker of the House. Scott, who was the top political trader in 2021, sold shares of FuelCell Energy Inc (NASDAQ:FCEL) for significant gains. The social media account Unusual Whales, known for sharing data on Congressional trades, highlighted Scott's trading history. Unusual Whales also provided data for two Congress trading linked ETFs, the Series Portfolio Trust Unusual Whales Subversive Republican Trading ETF (BATS:KRUZ) and Series Portfolios Trust Unusual Whales Subversive Democratic Trading ETF (BATS:NANC).
October 16, 2023 | 11:25 pm
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NEUTRAL IMPACT
Rep. Austin Scott's past trades of FuelCell Energy Inc were highlighted, potentially impacting investor perception.
The news highlights past trades of FCEL by Rep. Austin Scott, which could influence investor perception of the stock. However, it's unclear how this will directly impact the stock's price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Unusual Whales, which provided data for the KRUZ ETF, gained attention by highlighting Rep. Austin Scott's trading history.
The news brings attention to Unusual Whales, which provided data for the KRUZ ETF. This could potentially influence investor interest in the ETF, but it's uncertain how it will impact the ETF's price in the short term.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Unusual Whales, which provided data for the NANC ETF, gained attention by highlighting Rep. Austin Scott's trading history.
The news brings attention to Unusual Whales, which provided data for the NANC ETF. This could potentially influence investor interest in the ETF, but it's uncertain how it will impact the ETF's price in the short term.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50