Rep. Robert Bresnahan Has Bought Up to $105K Worth Of Alibaba Gr Hldgs Stock: Here's What You Should Know

A March filing shows that Representative Robert Bresnahan reported a purchase in Alibaba Gr Hldgs BABA, valued between $7,007 and $105,000. The transaction date is listed as March 7, 2025, with the report published on March 7, 2025.

At present, Alibaba Gr Hldgs shares are trading down 4.59% at $134.17.

What Representative Has Been Trading Recently

Over the past three years, Robert Bresnahan executed 142 trades totaling over $366 thousand. The largest of these trades were in Alphabet and Berkshire Hathaway Inc. New Common Stock stock. Some of the key transactions the Rep. has executed recently include:

• Lowe's Companies LOW: $15,001 - $50,000 Sale
• Arista Networks ANET: $1,001 - $15,000 Sale
• Snowflake SNOW: $1,001 - $15,000 Purchase

Here is a list of Robert Bresnahan's most recent trades:

To keep an eye on Robert Bresnahan's trades and other government stock activity, check out our real-time tracking tool!

The Importance of Congressional Transactions

A congressional transaction is when any representative or senator either buys or sells an individual stock.

Anyone working in Congress must file a Periodic Transaction Report to inform the public of their recent transaction within 30 days of being notified of the transaction and within 45 days of the transaction date.

In April 2012, Former President Barack Obama signed the STOCK Act into law. The act prohibits members of Congress from using private information given to them by their position for personal gain such as buying or selling a stock. The act also expanded disclosure requirements for members of Congress by requiring them to file a monthly disclosure.

The Importance of Congressional Transactions

Congressional transactions shouldn't be the primary reason for an investing decision, but they can be an important factor for an investor to consider.

When a senator or representative makes a new purchase, it could be an indication they expect the stock to rise.

A sale, on the other hand, can be made for a variety of reasons, and may not necessarily mean the seller thinks the stock will go down.

This article was generated by Benzinga's automated content engine and reviewed by an editor.