Market Commentary

Dan Sullivan Disclosed Sales of Inherited Stocks

Rahul Joshua · 1 minute read

According to a filing published on November 3, 2022, Senator Dan Sullivan inherited two stocks upon the death of his parent. The disclosure stated that these stocks were sold in full by a third-party investing expert who counseled against filing the trade until October 30.

Both of the trades were committed in August, first was the sale of $15,000 - $50,000 worth of shares of Mowi ASA (MHGVY:US), the Norwegian seafood company, formerly known as Marine Harvest ASA.

The timing of the sale was excellent given that shares closed at $15.25 on November 04 while Rep. Sullivan’s exit price was $23.47.

Later in the same month, $1,000 - $15,000 worth of shares of Five Below (FIVE:US) were sold. The Senator exited this trade when FIVE closed at $129.54 while shares trade about 15% higher these days.

Senator Sullivan rarely trades stocks. He reported just 9 trades in the last 3 years, mostly in the Industrials sector. RPM International (RPM:US) is his favorite stock for trading.

Mr. Sullivan is a member of the committees for Armed Services, Commerce, Science & Transportation, Environment & Public Works, and Veteran’s Affairs.