Market Commentary

Which Stocks Did David Mckinley Trade in September?

Huzaifa Waseem
6 Feb 2024 · 1 minute read

U.S. Representative David McKinley disclosed last week that he made several new trades in September, both on the buy and sell side of the market.

Congressman McKinley, the U.S. representative for West Virginia's 1st congressional district since 2011, bought shares of Tesla (TSLA: US) on September 21 when Tesla's price closed at $300.8. Moreover, he was also buying shares of Arthur J. Gallagher (AJG: US), Centene (CNC: US), and Grainger WW (GWW: US).

On the other hand, Republican McKinley sold shares of Abbott Laboratories (ABT: US), CarMax (KMX: US), S&P Global (SPGI: US), and Stanley Black & Decker (SWK: US).

All reported trades ranged from $1,000 - $15,000 as Congressman McKinley continues to trade in smaller sizes. Not one trade this year exceeded this size. On the other hand, Mr. McKinley reported in January that he made two sell trades in December last year, both involving an amount between $50,000 and $100,000.

Overall, the Congressman made 163 trades in the past 3 years. He mainly trades tech stocks, followed by Industrials, Consumer Discretionary, and Healthcare. Regarding individual stocks, Raytheon (RTX: US) leads the list of the most traded stocks, followed by Costco (COST: US). Apple (AAPL: US) is also one of McKinley's 5 most traded stocks, while it sits on the top of the list of the top traded stocks by McKinley by volume.

Interestingly, Congressman McKinley rarely trades Energy stocks even though he sits on the Energy & Commerce committee.