Which Stocks Did Rep. Tom Suozzi Trade in September?
Tom Suozzi, the U.S. representative for New York's 3rd district, disclosed yesterday that he made over 10 new trades in September. Congressman Suozzi made seven $15,000 - $50,000 worth of trades, including selling shares of International Paper (IP: US) and Domino’s Pizza (DPZ: US).
Interestingly, Mr. Suozzi sold DPZ shares at a market closing price of $324.74 on September 26. Shares of the pizza restaurant chain fell to around $300 in early October before racing higher last week on better-than-expected results.
Other bigger trades that Congressman Suozzi made were all purchases. The Congressman was buying shares of Valero Energy (VLO: US) and Generac Holdings (GNRC: US), as well as stocks of chipmakers Advanced Micro Devices (AMD: US) and Nvidia Corp (NVDA: US).
Mr. Suozzi reported taking part in buying Nvidia shares on two occasions, both in the range of $15,000 - $50,000.
Other trades that the Representative from New York reported were all valued between $1,000 - $15,000. These include buying more AMD and GNRC shares and selling Boeing Co (BA: US) and Jazz Pharmaceuticals (JAZZ: US) stocks.
Congressman Suozzi is an active stock market trader with 350 reported trades in the past 3 years. Nvidia is his favorite stock for trading regarding the number of transactions made and volume. Other stocks that Mr. Suozzi often trades include AMD and Apple (AAPL: US). Hence, it is not surprising that IT is his favorite sector for trading, followed by Consumer Discretionary and Financials.
Congressman Suozzi serves on the House Committee for Ways and Means.