TCMD - 'Most Suspicious Congressional Stock Trade?' Little-Known Med Tech Firm Surges 48% In Just 2 Months After Senator Tina Smith Bought The Dip | Benzinga
Sen. Tina Smith’s (D-Minn.) significant November investment in a medical device maker’s stock has yielded a remarkable 48% return within just two months.
What Happened: Smith purchased $250,000 worth of healthcare company Tactile Systems Technology (NASDAQ:TCMD) shares, a move labeled as “the most suspicious congressional stock trade in months” by Quiver Quantitative on social media.
UPDATE is now up 48% in the two months since Senator Smith made this trade. — Quiver Quantitative (@QuiverQuant) December 26, 2023
Ridiculous.
Any politician who profits this much off a stock that they directly oversee should be required to put their money in a blind trust. pic.twitter.com/qeqGwjuV8A
The value of TCMD stock, standing at about $10 at the time of ...