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Category: CRYPTO NEWS
The post This stock is attracting Congress members ‘like blood attracts sharks’ appeared on BitcoinEthereumNews.com. In recent months, members of Congress have increasingly shown a notable inclination toward technology giant Alphabet (NASDAQ: GOOGL), as evidenced by a series of stock purchases. To illustrate this trend, charting platform TrendSpider likened the wave of transactions to how “blood attracts sharks,” highlighting a buying behavior pattern dominated by Reps. Marjorie Taylor Greene and Ro Khanna. Alphabet stock analysis and Congress buys analysis. Source: TendSpider Specifically, several transactions took place in April and May 2025. Greene made two separate Congress trades on May 5 and May 14, each valued between $1,001 and $15,000. Receive Signals on US Congress Members’ Stock Trades Stocks Stay up-to-date on the trading activity of US Congress members. The signal triggers based on updates from the House disclosure reports, notifying you of their latest stock transactions. Enable signal Similarly, Rep. Robert Bresnahan bought Alphabet stock on April 11, while Rep. Ro Khanna (D) made his acquisition on April 9. Interestingly, not all lawmakers followed this trend. Josh Gottheimer sold his GOOG shares on the same day Khanna bought in, diverging from the otherwise bullish sentiment. GOOG stock bullish set-up From a technical perspective, this congressional trading activity coincided with a bullish “cup-and-handle” formation on the daily candlestick chart, a continuation pattern associated with upcoming breakouts. The accumulation phase began after GOOG bottomed in early April and proceeded to form a rounded base. During this basing phase, several congressional buys occurred at or near key technical inflection points. Most recently, Alphabet’s stock broke above the $160 resistance level, supported by strong trading volume. The volume profile also validated the breakout, which shows firm support at that level. The equity ended the last session valued at $169. GOOGL one-week stock price chart. Source: Finbold However, these transactions are likely to spark concern about potential misuse of insider…
2025-05-26T08:45:20+00:00
https://bitcoinethereumnews.com/finance/this-stock-is-attracting-congress-members-like-blood-attracts-sharks/?utm_source=rss&utm_medium=rss&utm_campaign=this-stock-is-attracting-congress-members-like-blood-attracts-sharks