Thursday, 18 April 2024

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NY congressman Tom Suozzi sells Nvidia stock By

NVIDIA share price target raised to $840 by CFRA on strong earnings

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In a recent congressional trade report, Thomas R. Suozzi, representing New York’s 3rd congressional district, recorded a transaction involving NVIDIA Corporation (NASDAQ:).

The transaction, which took place on March 4, 2024, involved the sale of Nvidia stock, valued between $15,001 and $50,000. The report was officially notified two days later, on March 6, 2024.

This trade was made through a Merrill Lynch- Advisor Discretion Account- IRA, as per the details provided in the Investment Vehicle section of the report. An IRA, or Individual Retirement Account, is a type of investment account that offers tax advantages for retirement savings in the United States.

It’s important to note that the report also indicated that the transaction might have resulted in capital gains over $200, although the exact figures were not disclosed in the filing.

As a reminder, the STOCK Act requires members of Congress to disclose their transactions to maintain transparency and prevent insider trading. This report is a part of that ongoing disclosure process.

The transaction details were certified as accurate by Suozzi himself on April 2, 2024, as indicated by the digital signature on the filing. The Filing ID for this transaction is #20024271.

Keep in mind that this information is part of public records and is crucial for maintaining transparency in the financial activities of public officials. It’s always beneficial for investors to stay informed about these transactions as they can sometimes provide insight into broader market trends and movements.

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