A December filing shows that Representative Mike Kelly reported a sale in Union Pacific UNP, valued between $15,001 and $50,000. The transaction date is listed as December 12, 2024, with the report published on December 12, 2024.
At present, Union Pacific shares are trading down 0.0% at $229.88.
Representative's Recent Trading Activity
In the past three years, Mike Kelly made 32 stock trades totaling more than $1.39 million. The largest trades involved stocks like Cleveland-Cliffs and Union Pacific. Their most notable trades include key transactions:
- Union Pacific UNP: $15,001 - $50,000 Sale
- Intel INTC: $1,001 - $15,000 Sale
Here's a summary of Mike Kelly's recent trades:
| Company | Ticker | Stock Type | Amount | Transaction Type | Transaction Date |
|---|---|---|---|---|---|
| California St Go Call 12/1/27 4% Due | $1,001 - $15,000 | S (Partial) | 2024-12-02 | ||
| Miami-Dade Cnty Fl Educational Fac | $50,001 - $100,000 | P | 2024-11-11 | ||
| Intel | INTC | STOCK | $1,001 - $15,000 | S | 2024-11-08 |
| Union Pacific | UNP | STOCK | $15,001 - $50,000 | S | 2024-11-08 |
| Michigan St Fin Auth Revenue Ref- | $100,001 - $250,000 | S | 2024-10-31 |
Want to keep up with Mike Kelly and other congressional members' stock activities? Check out our government trades tool for real-time updates!
Why Congressional Transactions Matter
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
