Congressional Representative purchases RTX shares preceding Raytheon's $3.3B missile contract award
Stinkin' shady stock move by fuckin' Josh Gottheimer
Catch the dirt on Josh Gottheimer's fishy Raytheon (NYSE: RTX) stock grab. Our snitchy Congressional trading radar got wind of it, dude!
On May 14, this asshole's sneaky RTX stock investment, worth up to $15,000, was officially announced. But guess when he made this move? You won't believe it! April 24, bro! Weeks before a whopping $2.1 billion missile contract modification, ya hear that?
Gottheimer goes for RTX as the missile deal balloons to $3.3 billion
So, what's the big deal? A Foreign Affairs committee member snagging equity from a defense monster, not a shocker. But this shady trick took place less than three weeks before the corporation's contract expansion was outed, son.
The Missile Defence Agency doled out an initial $1.2 billion contract to Raytheon, but by May 12, that puppy had inflation to the tune of $2.1 billion, making it a hefty $3.3 billion deal.
What's the skinny on this contract? Raytheon gets the greenlight to supply the good, the material, and the services related to the Standard Missile-3 Block variants for the U.S. andForeign Military Sales partners.
Stay on top of US Congress members' stock transactions
If you want to keep your nose clean and stay tuned to what your congress critters are doing with their stocks, this service is for you! Stay updated on their latest trades, yo. It taps into the House disclosure reports to inform you of their financial moves.
The date of the trade is looking fishier than a bag of crawdads. Raytheon's stock graph shows that this toolbag didn't score the equity at its 30-day lows, but rather took advantage of the uptrend as it kicked in.
RTX stock climbs 12.19% since Gottheimer's congressional stroke of genius
Raytheon shares took a dip to $113.75 on April 22 and bounced back to $121.97 on April 24, the day this motherfucker sealed the deal. From the purchase date to the May 12 contract modification announcement, RTX rallied 7.04% and another 4.81% by press time on May 16 in the pre-market.
In total, Raytheon stock is now 12.19% up since Gottheimer got his hands on it and is currently trading at $136.84.
THAT'S RIGHT, I SAID IT!
Featured image via Shutterstock
- The hunt for insider information about Josh Gottheimer's questionable stock move in the Raytheon (NYSE: RTX) industry reveals that he made a $15,000 investment just weeks before a $2.1 billion missile contract modification, leading to a $3.3 billion deal in the defense sector.
- Raytheon's stock graph shows an uptick on the very day Gottheimer made his transaction, suggesting a strategic move, and since then, RTX stock has climbed 12.19% from the purchase date to the current trading price of $136.84.
- To protect against conflicts of interest, it's vital to stay informed about the financial dealings of US Congress members, including their stock transactions, especially when a congressional member like Gottheimer, involved in politics and the general-news sector, stands to gain significantly from a contract in the aerospace and defense industry, like the missile deal with Raytheon.
