Representative Pete Sessions, from Texas's 17th congressional district, recently made notable movements in his investment portfolio, according to a newly released congressional trade report.
Sessions sold shares in Altria Group , Inc. (NYSE:MO), valued between $1,001 and $15,000, on September 10, 2024. Altria Group, a prominent player in the tobacco industry, has seen its stock fluctuate in recent years due to changing consumer habits and regulatory challenges.
On the purchasing side, Sessions invested in two major tech companies, Microsoft Corporation (NASDAQ:MSFT) and Nvidia Corporation (NASDAQ:NVDA). He bought common stock in Microsoft (NASDAQ:MSFT) and Nvidia (NASDAQ:NVDA), each transaction valued between $1,001 and $15,000. The transactions took place on September 9 and 10, 2024, respectively.
Microsoft, a global leader in software, cloud services, and hardware products, and Nvidia, a prominent player in the graphics processing unit (GPU) market, have both been performing well in the stock market, reflecting the overall strength of the technology sector.
All of these transactions were conducted through Trust One, an investment vehicle owned by Sessions. The report did not indicate any capital gains over $200 from these transactions.
As part of the STOCK Act, Congress members are required to disclose their financial transactions to ensure transparency and prevent conflicts of interest. This report offers a glimpse into the investment strategies of one of our nation's lawmakers.
It's worth noting that these transactions do not necessarily indicate a particular economic outlook, but rather Sessions' personal investment decisions.
InvestingPro Insights
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