Market Commentary

Which Stock Market Trades Is Congressman Tom Suozzi Making?

Rahul Joshua19 Sept 2022 · 1 minute read

Representative Tom Suozzi, the Congressman representing the Third Congressional District in New York, sold between $50,000 and $100,000 worth of Visa (V: US) shares on August 3,  when the closing price was $208.48. On the day of disclosure, September 16, Visa shares closed at $193.30.

On the same day, Mr. Suozzi disclosed that he invested between $15,000 and $50,000 in shares of APA Corporation (APA: US) and HF Sinclair Corporation (DINO: US). These two trades were made when the stock closed at $34.43 and $47.35, respectively.

These three trades followed the several trades made by Congressman Suozzi that were reported earlier in May. On May 23, Mr. Suozzi disclosed that he invested in the stock market during the first week of May, while he also filed late for his trading activity in March.

The Congressman is known for usually trading tech stocks with Apple ( AAPL: US), chipmakers Nvidia (NVDA: US) and Advanced Micro Devices (AMD: US) being the three most popular stocks that Mr. Suozzi is trading. Pharmacy chain CVS Health (CVS: US) occupies the fourth position.

It comes as no surprise that the IT sector tops the list of Most Traded Sector by Congressman Suozzi, followed by Consumer Discretionary and Financials.

Selling Visa shares is one of the biggest trades that Mr. Suozzi made it this year. In late 2020, Congressman bought between $100,000 and $250,000 worth of Morgan Stanley (MS: US) shares.

Mr. Suozzi sits on the Ways & Means House committee.