Sen. David Perdue bought stock in a company that produces protective medical equipment the same day senators received a classified briefing on the coronavirus

  • Sen. David Perdue of Georgia bought stock in a company that produces personal protective equipment (PPE) the same day the Senate received a classified briefing on the spread of the novel coronavirus, The Atlanta Journal-Constitution reported.
  • Perdue’s financial portfolio disclosure form lists 112 transactions, 82 of which were made on March 3. Seventy-six were stock purchases of as much as $1.8 million, and there were 34 stock sales of as much as $825,000.
  • Overall trading activity was significantly higher in March as volatility rocked markets in the wake of the coronavirus outbreak.
  • Perdue isn’t the first US lawmaker to face scrutiny over financial activity that took place around the time senators were being privately briefed on the spread of the disease.

Sen. David Perdue of Georgia bought stock in DuPont de Nemours, a chemical company that produces personal protective equipment (PPE), on the same day the Senate received a classified briefing on the spread of the novel coronavirus, The Atlanta Journal-Constitution reported on Monday.

The revelation came from Perdue’s financial portfolio, which he filed on Sunday and which includes 110 items related to stock trades.

According to The Journal-Constitution, Perdue engaged in heavy trading in March, when markets plunged and the virus gained a stronger foothold in the US.

Perdue’s disclosure form lists 112 transactions, 82 of which were made on March 3. Seventy-six were stock purchases of as much as $1.8 million. The report also documents 34 stock sales worth as much as $825,000. The Journal-Constitution reported that Perdue’s portfolio activity from March onward was three times busier than it was in the last 13-month period before the coronavirus hit the United States.

Overall trading activity was significantly higher in March as the market was rocked by volatility brought on by the coronavirus outbreak, both in the US and in other countries like China, Italy, and Iran.

www.businessinsider.com/coronavirus-david-perdue-bought-stock-company-producing-ppe-after-briefing-2020-4