Members of Congress sell $86.1mn of shares in 30 days

Members of Congress sold $86.1mn of shares and bought $8.1mn in filings disclosed in the last 30 days, leaving net selling at $78.0mn. Disclosures covered 359 trades across 28 filers, with sales making up 91 per cent of total value. Senate members sold $76.4mn and bought $1.9mn across 68 trades, while House members bought $6.2mn and sold $9.7mn across 291 trades.

Disclosures lodged on 1 October included six trades by two members, comprising $89,000 in sales and $8,001 in purchases. Sheldon Whitehouse reported three sales carried out on 4 September. Whitehouse disclosed two sales of $15,000 to $50,000 in diversified banks business JP Morgan Chase & and one sale of $1,001 to $15,000 in transaction and payment processing services group Visa.

Gilbert Cisneros bought $15,000 to $50,000 of systems software business Microsoft on 17 July, and the shares rose 30 per cent to 1 October. Tony Wied sold $15,000 to $50,000 in Upstart Holdings on 14 August, with the stock falling 25 per cent to 1 October.