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Congressman Meuser sold hundreds of thousands worth of Nvidia stock in February

Congressman Dan Meuser, a Republican serving as the U.S. representative for Pennsylvania's 9th congressional district since 2019, disclosed today he was selling Nvidia (NASDAQ:NVDA) shares last month.

Meuser disclosed that the sale occurred on February 20, when Nvidia stock price closed at $694.52. The largest trade was in the range of $250,000 - $500,000. Moreover, Meuser completed two more sales, both in the range of $15,000 - $50,000.

Rep. Meuser selling Nvidia shares is nothing new. He has been continuously reducing his stake in Nvidia over the last few months. Back in 2023, he had reported two series of trades in May and August, all of them including Nvidia stock sale.

The Congressman had also sold some NVDA shares in early 2022, before the rapid advance in the stock price started. 

Earlier this month, Congressman Ro Khanna disclosed the $50,000 - $100,000 sale of Nvidia stock, which took place on January 10. Nvidia stock is up nearly 250% over the last 52 weeks and as much as 87% in 2024.

Also today, Congressman Meuser disclosed he bought US Treasury bills in a transaction valued at $250,000 - $500,000.

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.