1 Stock Politicians Are Buying Hand Over Fist
Examining what stocks U.S. politicians have bought and sold has become a popular trading strategy lately. Because of their information access, they may have more information available to them (especially when it comes to policymaking decisions), which gives them an edge in the market. However, their trades must be made public so their activity is available to the public after a short while.
One stock that various politicians like Michael McCaul, Josh Gottheimer, and Markwayne Mullin have been loading up on is AMD (NASDAQ: AMD). Since December, various politicians have purchased around $345,000 worth of AMD stock, while only $49,000 has been sold. This is pretty one-sided, so investors are taking note.
But is this enough of a factor to warrant buying AMD shares? Let's take a look.
Source Fool.com
Advanced Micro Devices Inc. Stock
The stock is one of the favorites of our community with 78 Buy predictions and 1 Sell predictions.
With a target price of 179 € there is a positive potential of 20.04% for Advanced Micro Devices Inc. compared to the current price of 149.12 €.
