Tommy Tuberville, the senior United States senator from Alabama, disclosed that he made a number of trades in December, including some transactions worth hundreds of thousands of dollars.
Senator Tuberville reported several transactions involving PayPal Holdings (PYPL:US) shares. Among them were two trades of both buy and sell with relatively little time difference. The Senator reported buying shares worth $100,000 - $250,000 on November 07, when the stock closed at $77.66 per share. But the very next day, he unloaded PYPLshares in the same value range, when the stock closed at $81.13 per share. Such transactions are rather unique from a long-term player like Senator Tuberville, but surely he had his own reasons.
Tuberville doubled down on his initial investment and reported two additional investments in PYPLstock worth $250,000 - $500,000 on December 05 and $15,000 - $50,000 on December 08. However, he then started to offload PayPal shares, worth $100,000 - $250,000 transactions on December 09, when the stock closed at $73.57.
A similar pattern of activity took place in the first week of December, involving shares of chipmaker Qualcomm (QCOM:US). The $100,000 - $250,000 investment that occurred on December 01 was followed by the $50,000 - $100,000 sale a day later.
Elsewhere, the Senator also sold $15,000 to $50,000 worth of Walt Disney (DIS:US) shares, as well as two small-size sales of Procter & Gamble (PG:US) options. The PG options had a strike price of $150.00 and were dated for an expiry on July 21, 2023.
Including December’s transactions, PayPal has now become the most traded stock by the Senator while the Tech sector is still the dominant and his most favorite sector for trading.