Senator Ted Cruz's Sale of Goldman Sachs Stock Raises Insider Trading Concerns
Thursday, 25 April 2024, 09:54
Senator Ted Cruz Sells Goldman Sachs Stock Amid Wife's Role
Despite criticism of individuals with insider knowledge of companies investing in the same organizations' stocks, Senator Ted Cruz recently sold $500,000 worth of Goldman Sachs stock while his wife, Heidi Cruz, was a managing director at the firm.
Ted Cruz’s GS Shares Sale Disclosure
- The politician disclosed the sale in the most recent US Senate financial disclosures period transaction report.
Goldman Sachs Stock Price Analysis
- GS shares were trading at $422.91, with a weekly gain of 4.02% and a monthly gain of 3.91%.
Possible Impact on GS Share Price
Concerns over potential insider trading suggest that the Cruz couple might be leveraging confidential information to maximize profits before any negative impact on Goldman Sachs' stock price.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.