Debbie Wasserman Schultz's Shocking 27% Return in Viasat Stocks: A Closer Look
Debbie Wasserman Schultz's Controversial Trade with Viasat
Debbie Wasserman Schultz, a prominent member of Congress, made headlines with her recent stock investment in Viasat (NASDAQ: VSAT). On November 20, Schultz invested between $1,001 and $15,000 in Viasat shares, which were priced at $6.93 at the time.
The timing of Schultz's trade is particularly intriguing as VSAT stock has surged by an impressive 27.99% within just over two weeks.
Potential Conflicts of Interest in Congressional Trading
Critics argue that politicians may leverage their insider knowledge to benefit from stock trades, leading to ethical concerns. With Viasat having been awarded significant military contracts just prior to Schultz's stock purchase, the nature of these investments raises eyebrows.
- VSAT stock's YTD performance is down 68.83%.
- Schultz's investment is potentially boosted by strategic government contracts.
- Investing in Viasat raises questions about Congress's stock trading regulations.
Amid ongoing debates about the appropriateness of congressional trading, this case offers a prime example of why restrictions may be necessary.
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.