2 Key Members of Congress Recently Bought SpaceX Stock. Should You Buy It Too?
You probably shouldn't look to Capitol Hill for investing ideas.
Overview
Members of the U.S. Congress buying a stock usually isn't a big deal. It happens all the time. However, some transactions by politicians are noteworthy -- especially for investors.
That's the case with two recent transactions involving Space Exploration Technologies (NASDAQ: SPCX), better known as SpaceX. There's bipartisan interest in SpaceX, with Rep. Dan Meuser, R-Penn., and Rep. Gil Cisneros, D-Calif., becoming the first members of Congress known to have disclosed investments in the space stock. Is this a bullish signal for other investors thinking about buying SpaceX?
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.