The trading activity of members of Congress continues to be closely monitored, especially when the stocks are bought and sold in a short time. A member of Congress bought one of this year’s top stocks, but held for less than two months.
Congressman Buys and Sells Applied Materials Stock
Rep. Josh Gottheimer (D-N.J.) recently disclosed selling Applied Materials Inc (NASDAQ:AMAT) shares, as shown by the Benzinga Government Trades page.
The transaction involved selling $1,000 to $15,000 in AMAT stock on Sept. 15.
Gottheimer also bought $1,000 to $15,000 of AMAT shares back on August 6.
On August 6, Applied Materials stock traded between $511.05 and $539.50. Assuming the full $15,000 was used to buy AMAT shares, Gottheimer could have bought 27.80 to 29.35 shares.
Those shares sold on Sept. 15 for between $11,585.93 and $12,620.21, a loss of 22.8% to 15.9%.
Applied Materials stock has since rallied.
If Gottheimer had held the shares and sold today, the loss would be 5.7% to 0.5%, based on a share price of $508.61 today.
Gottheimer’s Trading History
The good news for Gottheimer is that the Applied Materials sale is one of many made by the congressman.
Gottheimer has made over 3,600 stock trades since 2017, totaling nearly $350 million, according to data from Quiver Quantitative.
This includes more than $6 million in buys and sells in 2026.
Gottheimer is one of the most frequent traders among members of Congress.
Photo: Shutterstock
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