On Monday, an X-based stock tracker, known for following the trades of Former House Speaker Nancy Pelosi (D-Calif), highlighted concerns over a well-timed purchase of Micron Technology Inc. (NASDAQ:MU) shares by Sen. John Fetterman (D-Pa.).
Micron’s Well-Timed Purchase
The tracker showed that Fetterman bought Micron shares for $321.80 on March 30, coinciding with the purchase date of what appears to have been a short-term bottom for the semiconductor giant. Since then, the stock has reportedly surged more than 60%.
The Pelosi tracker highlighted, “Coincidentally, that was the exact bottom, and he’s up +61%.”
Sen. Fetterman did not immediately respond to Benzinga’s request for comments.
The stock tracker also revealed that “Micron received $6.165B from the CHIPS Act, which is the largest award in the program. Fetterman sits on the Commerce Committee, which directly oversees CHIPS Act funding.”
Micron’s Rally Aligns …
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