American Politicians are Selling These 5 Stocks

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This article presents an overview of American Politicians are Selling These 5 Stocks. For a detailed overview of such stocks read our article, American Politicians are Selling These 10 Stocks.

5. Qualcomm Inc (NASDAQ:QCOM)

Number of Hedge Fund Investors: 78

Senator Tommy Tuberville sold a stake in Qualcomm Inc (NASDAQ:QCOM) worth between $15,000 to $50,000 on March 13. Since then the stock is down 3.3%. Congresswoman Kathy Manning also sold Qualcomm Inc (NASDAQ:QCOM) shares worth between $1K to $15K on January 23.

Madison Sustainable Equity Fund stated the following regarding QUALCOMM Incorporated (NASDAQ:QCOM) in its fourth quarter 2023 investor letter:

“QUALCOMM Incorporated (NASDAQ:QCOM) also reported a solid fourth fiscal quarter with better than expected results. The company guided the first quarter ahead of expectations despite headwinds from Samsung as the inventory headwinds dissipate. Qualcomm remains well positioned in the mobile handset market and should benefit as Artificial Intelligence moves to edge devices which could drive an upgrade cycle.”

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