Members of Congress sell $169.4mn in shares over 30 days

Members of Congress sold $169.4mn in shares and bought $12.5mn in disclosures made over the last 30 days. Disclosures from 34 filers covered 466 trades, resulting in $156.9mn of net selling. Sales accounted for 93 per cent of traded value, with Senate members selling $152.0mn across 79 transactions while buying $3.1mn.

Filings disclosed since 4 October included no trades by members of Congress, but recorded two transactions by corporate insiders. Ryan McInerney sold $2.1mn of stock in Visa, a transaction & payment processing services company, on 1 October. Jennifer Newstead reported selling $806,000 of shares in Apple, a technology hardware, storage & peripherals company, on 29 September.

Disclosures by House members have also coincided with price changes in individual equities. Shares in Microsoft, a systems software business, were up 31 per cent to 2 October after Gilbert Cisneros bought between $15,000 and $50,000 of stock on 17 July. Shares in Upstart Holdings were down 25 per cent to 2 October after Tony Wied sold between $15,000 and $50,000 of shares on 14 August.