Investing.com UK - Financial Markets Worldwide
Unlock Premium Data: Up to 50% Off InvestingProCLAIM SALE

This Congressman Is Up Over 28% On AMD Stock Buy, Also Sees Gains On These 2 Dividend Payers

Published 05/12/2022, 22:18
Updated 05/12/2022, 23:40
© Reuters This Congressman Is Up Over 28% On AMD Stock Buy, Also Sees Gains On These 2 Dividend Payers
GS
-
AMD
-

Benzinga - Congressman Thomas Suozzi (D-NY) has made over 300 trades in the past three years, including purchasing shares of Advanced Micro Devices (NASDAQ: NASDAQ:AMD) on Oct. 11, worth between $15,000 to $50,000, per Capitol Trades. Suozzi purchased these shares for a cost basis of $57.63, and is already up 28% since the purchase order was filed.

The congressman has been in office since 2017 and is a member of the House Ways and Means Committee. It's the oldest congressional committee and is the chief tax-writing committee in the House of Representatives.

The Committee has jurisdiction over all taxation, tariffs, and other revenue-raising measures, as well as programs such as Social Security, Unemployment insurance, Medicare, among others.

Check out two dividend trades that have already performed well so far for Rep. Suozzi.

Also Read: Which Members Of Congress Are Giving Their Money From Sam Bankman-Fried To Charity — And Which Ones Aren't?

Goldman Sachs Group Inc. (NYSE: NYSE:GS) is offering a forward dividend yield of 2.69% or $10.00 per share annually, through quarterly payments, with a superb track record of increasing its dividends for 11 consecutive years. Goldman Sachs, founded in 1869, is a leading global financial institution that delivers a broad range of financial services across investment banking, securities, investment management and consumer banking to a large and diversified client base that includes corporations, financial institutions, governments and individuals.

  • Suozzi purchased a range of between $15,000 to $50,000 in shares of Goldman Sachs for $294.21 per share, traded on Oct. 11 in an undisclosed filing, reported Capitol Trades.
  • Goldman Sachs is up roughly 26%, since Suozzi's trade was filed.
Eaton (NYSE:ETN) Corporation plc (NYSE: ETN) is offering a forward dividend yield of 2.01% or $3.24 per share annually, making quarterly payments, with a strong track record of increasing its dividends for eight consecutive years. Eaton is a diversified power management company operating for over 100 years in various segments, including electrical products, electrical systems and services, aerospace, vehicle, and most recently eMobility.

  • Suozzi purchased a range of between $15,000 to $50,000 in shares of Goldman Sachs for $136.42 per share, traded on Oct. 11 in an undisclosed filing, according to Capitol Trades.
  • Eaton is up over 17% since the trade was filed.
As of Sept. 29, 72 congress members violated the federal STOCK Act, which was formed to prevent insider trading. Although, lawmakers like Sen. Elizabeth Warren (D-MA) and Sen. Steve Daines (R-MT) want to go a step further and ban members of Congress and their spouses from owning or trading individual stocks.

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.