Tuberville, a Republican from Alabama, had heavily invested in Alibaba Group
Republican Sen. Tommy Tuberville, a China critic, just quietly dumped his investments in Communist Party-tied Alibaba Group
Sen. Tommy Tuberville, one of Congress' most vocal critics of China, has quietly dumped his investments in an e-commerce and technology company with ties to the country's Communist Party.
The Alabama Republican on January 14 executed three stock option trades, valued at between $80,003 and $200,000, that ended his investment in Alibaba Group, according to a disclosure he submitted to the US Senate on February 14.
"This transaction is called buying to cover, which is a way to close out a short sale. Per this transaction, the senator is divested of BABA securities," states Tuberville's filing, which references Alibaba's stock ticker symbol.
When asked Tuesday at the US Capitol to confirm he will no longer trade Alibaba stock, Tuberville told Insider: "Yeah — I'm not going to buy. No, I'm not buying it."
https://www.msn.com/en-us/money/topstocks/republican-sen-tommy-tuberville-a-china-critic-just-quietly-dumped-his-investments-in-communist-party-tied-alibaba-group/ar-AATT2at?ocid=msedgntp
Tommy does not want any changes to stock trade rules and in fact violates the current ones all the time... Now dealing in China... Bad Tommy, Bad Tommy.
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