Senator Tina Smith's Investment in Tactile Systems Draws Attention
Tuesday, 12 March 2024, 09:28
Senator's Skewed Trade
US politicians' trades often draw scrutiny, but Senator Tina Smith's investment in Tactile Systems went relatively unnoticed.
Inside the Trade
- Senator Smith bought $250,000 in TCMD stock, which has since surged by 58%.
- She's on the Senate Committee on Health, linking her purchase to the medical devices sector.
Despite being a smaller firm, Tactile Systems' government funding has boosted its potential for growth and stability.
Stock Performance
- TCMD stock price is up 11.17% in 2021.
- The company has received substantial US govt funding, contributing to its positive outlook.
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.