$Impinj(PI)$ 📰🚨💸🧠 Political Alpha or Coincidence? The $PI Spike That’s Raising Eyebrows 🧠💸🚨
Marjorie Taylor Greene’s latest market manoeuvre is turning heads, not just for the gains, but for the timing.
On 4 April, Greene disclosed a purchase in a lesser-known tech firm, Impinj Inc. ($PI), which specialises in RAIN RFID solutions. Fast forward to today, and the company just posted a strong earnings beat, sending the stock up 15% intraday. Greene’s position is now up over 20%, a textbook rebound play, or is it?
Here’s where it gets politically charged. Just days after her buy, former President Trump made a major trade policy announcement, pausing reciprocal tariffs for 90 days. The market rallied, and sectors linked to tech and logistics, like $PI, caught a tailwind.
Now the question isn’t just about profit, it’s about access. Under the STOCK Act, members of Congress are barred from trading on non-public information. But critics argue the close timing between Greene’s trades and a market-moving White House policy announcement deserves scrutiny.
Greene claims her financial advisor manages her portfolio, and that all trades were disclosed in accordance with Congressional transparency laws. There’s currently no formal investigation, but the optics are prompting renewed debate over whether elected officials should be allowed to actively trade at all.
Meanwhile, traders are left to wonder, is this political alpha, sharp timing, or something that rhymes with ‘insider’?
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Comments
So... since Donald Duck took over the Theme Park, the market looks too manipulated, like little setups here and there...
if you ask me, everyone that is in the Theme Park management team should not be allowed to participate in the market... even if they aren't doing anything wrong, it keeps any doubts out of the equation.
anyway... that's just an opinion...
thanks for sharing BC 🙂 I always enjoy reading your insights 👏
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Great article, would you like to share it?
Great article, would you like to share it?