Sen. Kelly Loeffler Dumped Millions in Stock After Coronavirus Briefing [View all]
Source: The Daily Beast
The Georgia Republican is the second Senator who has gotten rid of their holdings right as the stock market went bad.
The Senate’s newest member sold off seven figures worth of stock holdings in the days and weeks after a private, all-Senators meeting on the novel coronavirus that subsequently hammered U.S. equities.
Sen. Kelly Loeffler (R-GA) reported the first sale of stock jointly owned by her and her husband on January 24, the very day that her committee, the Senate Health Committee, hosted a private, all-Senators briefing from administration officials, including the CDC Director and Anthony Fauci, the head of the National Institutes of Health of the United States, on the coronavirus.
“Appreciate today’s briefing from the President’s top health officials on the novel coronavirus outbreak,” she tweeted about the briefing at the time.
That first transaction was a sale of stock in the company Resideo Technologies worth between $50,001 and $100,000. The company’s stock price has fallen by more than half since then,and the Dow Jones Industrial Average overall has shed approximately 10,000 points, dropping about a third of its value.
Read more: https://www.thedailybeast.com/sen-kelly-loeffler-dumped-millions-in-stock-after-coronavirus-briefing
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