Debbie Wasserman Schultz and Her 12% Return on Viasat (VSAT) Stocks
Debbie Wasserman Schultz's Controversial Trade
On October 23, 2024, Congresswoman Debbie Wasserman Schultz made a troubling trade by purchasing Viasat (NASDAQ: VSAT) stock valued between $1,001 and $15,000. At that moment, VSAT shares traded at $10.29.
Unpacking The Stock Surge
Following her investment, the stock price surged by 12.34% to $11.56. Most of this increase occurred on January 23, when shares jumped by 7.29%, followed by an additional after-hours rise of 2.99%. Notably, this price recovery comes after NASA chose Viasat as one of the four companies to partake in a $4.8 billion satellite contract.
Ethical Questions about Congressional Investments
- Wasserman Schultz's membership in the House Appropriations Committee raises red flags.
- This isn't her first questionable trade; prior investments have drawn scrutiny.
- Concerns about potential insider trading loom amidst congressional trading practices.
The ethics of Congress members trading stocks they regulate have sparked debates, as many see this as a problematic intersection of public service and private gain.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.