The trading activity of members of Congress continues to draw increased attention from retail traders, especially when committee assignments may lead to what some consider as conflict of interest trading activity.
Congressman Buys Defense Stock Rep.
Richard McCormick (R-Ga.) recently disclosed multiple stock transactions made in June, with two transactions making him the latest member of Congress to go long on defense stocks while Middle East tension is heightened.
On June 12, McCormick bought L3Harris Technologies (NYSE:LHX) stock with two transactions listed, each valued at $1,000 to $15,000, according to Quiver Quantitative.
The trades were part of several made by McCormick, including some buys and some sales.
