Feinstein's husband sold biotech stock near its 2020 low

[Qutzupalotl]

Link to tweet

STOP spreading false rumors about Feinstein. This stock was sold LOW and if she or her husband were trading in on the crisis this is a stock to keep for a pandemic.

Sen. Dianne Feinstein’s Husband Sold a Biotech Stock Near Its 2020 Low - Barron's

https://www.barrons.com/articles/sen-dianne-feinsteins-husband-sold-a-biotech-stock-near-its-2020-low-51583064907

[skylucy]

1. kick! Thanks for posting this.

[Mersky]

2. Thank you

The rush to judgement is driving me nuts 🥜

Moving stock at end of January or in February isn’t the sole determinant of insider trading. It’s different with Feinstein, and I’d argue Moran, as well (he bought in and then lost money).

[Maraya1969]

3. Well that is a relief. eom

[uponit7771]

4. Good !! I said trade had to be relevant, selling biotech before virus hit hard is opposite of that

[Aquaria]

5. Good.

A certain percentage of so-called liberals are always at the ready to attack DiFi at the drop of a hat.

[SunSeeker]

6. Correct. The recent stock she sold looks like tech stock (IBM). nt

[greyl]

7. Right on. nt

[coti]

8. No, that's not what happened. If you actually look at the documents, she sold it twice.

The first sale, on Jan 31, the price was falling and she sold it before it went up again. That was a "smaller" sale of between $500K- $1M at about $22/share. Then, on Feb 18, as the stock went up, she made an even larger sale of between $1M- $5M at around $24/share. The stock continued going up in the following days, up to about $28/share on March 4.

However, after March 4, the stock quickly crashed from $28/share to below $18/share, where it was on Wednesday, March 18 (yesterday). Today, it went up to about $20/share again.

[Indykatie]

9. This is the Sale and Purchase of a Single Stock Which is Not So Unusual With Big Investors

In Barr's case he made 29 different trades which shows he was trying to cash out most or all of his stock portfolio.

[stopdiggin]

10. interesting.

but, in total, do you think such a pattern suggests insider trading? Or just ordinary trade decisions made on a volatile market? And would you bring charges (or make accusations) based on this action?

[Qutzupalotl]

14. "She" being her husband

Feinstein spox: Reports that Senator Feinstein sold stock are incorrect, as are reports that she attended a January 24 briefing on the coronavirus..All of Senator Feinstein’s assets are in a blind trust,She has no involvement in any of her husband’s financial decisions.

Link to tweet

_________________

Feinstein was not in the meeting, only Republicans.

Even if you were insider trading and knew a pandemic was coming, wouldn’t you want to hold onto a biotech stock you thought would hold its value? Like how Loeffler bought telework company Citrix?

Link to tweet

[malaise]

11. PHEW!

I was surprised - so it's five ReTHUGs

[Qutzupalotl]

12. Of course, Fox' headline names only Feinstein

Link to tweet

“Dianne Feinstein, 3 Senate colleagues sold off stock before coronavirus crash: reports”

[musette_sf]

13. K&R

[progressoid]

15. It really doesn't matter. It's the optics of it.

This is what happens when you elect someone worth 58 million dollars. People who are worth a fraction of a percent of that are going to be suspicious.

[mcar]

16. Kick