In a new disclosure filed today, U.S. Senator Tommy Tuberville reported the purchase of $100,001 - $250,000 of Qualcomm (NASDAQ:QCOM) ($QCOM) stock, in a trade that took place on June 01. Since that trade was made, the stock has fallen approximately 3.19%.
Senator Tuberville is not the only Congress member who has been active in trading Qualcomm. In total, members of Congress have traded $QCOM stock 11 times in the past 6 months. Of those trades, 8 have been purchases and 3 have been sales.
Here’s a breakdown of recent trading of $QCOM stock by members of Congress over the last 6 months:
- Senator Tommy Tuberville has traded $QCOM 6 times. They made 5 purchases worth up to $630,000 on 06/08, 06/06, 06/02, 06/01, 05/08 and 1 sale worth up to $15,000 on 06/05.
- Representative Zoe Lofgren sold up to $15,000 on 05/25.
- Representative Kathy Manning has traded $QCOM 3 times. They made 3 purchases worth up to $45,000 on 04/28 and 0 sales.
- Senator Thomas R. Carper sold up to $15,000 on 02/21.
With all of this recent congressional trading activity, it is also worth taking a look at how Qualcomm has been attempting to influence the legislative agenda. Based on our data, we can see that they have been spending a significant amount of money on lobbying, and were one of the top spenders over the last year.
$QCOM has disclosed $7,790,000 of lobbying in the last year. To see more information on the specific issues that they were lobbying on, you can visit our lobbying dashboard for $QCOM.
To see more data on trading by politicians, check out our congressional trading dashboard.
This article was originally published on Quiver Quantitative