Let Them Eat Cake


"In a move raising eyebrows, U.S. Congressman Michael Burgess sold shares of United Parcel Service (NYSE: UPS) on July 22, just a day before the stock experienced its worst day in history.

On July 23, UPS released a dismal Q2 earnings report that sent the stock plummeting.

Following the report, UPS shares fell from $145.18 to $127.68, a dramatic 12% drop. This marked the stock’s steepest single-day decline, as investors reacted to the company’s weaker-than-expected performance. Since then, UPS has recovered slightly, trading at $130.64 at the time of publication.

The timing of Burgess’s sale has been labeled one of the more suspicious transactions of the year, given that it occurred just before UPS revealed its disappointing financial performance, which led to a sharp decline in the stock’s value."

Funny how they can't bring themselves to ban trading in congress.
 

Dried up old beyotch won't share the wealth.

I got a half gallon of Tito's for a stock tip might have produced results.
 

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