Stocks stir intense interest among Congress members, reminiscent of sharks drawn to blood.
In the past few months, there has been a noticeable trend in Congress toward the technology behemoth Alphabet, as demonstrated by a sequence of stock purchases. TrendSpider, a charting platform, compared this trend to the attraction of sharks to blood, highlighting a buying pattern largely driven by Representatives Marjorie Taylor Greene and Ro Khanna.
Specifically, numerous transactions took place in April and May 2025. Greene made two separate trades of Alphabet stock on May 5 and May 14, each worth between $1,001 and $15,000. Similarly, Representative Robert Bresnahan purchased Alphabet stock on April 11, while Rep. Ro Khanna (D) made his acquisition on April 9. Notably, not every lawmaker followed this trend - Josh Gottheimer sold his GOOGL shares on the same day Khanna bought in.
These trades have raised concerns about the potential misuse of insider information, particularly when lawmakers seem to be front-running or benefiting from non-public developments. It is essential to clarify that these transactions alone do not indicate insider trading, ratherreflecting a broader pattern of buying and selling by Congress members inherent to the stock market.
From a technical perspective, the congressional trading activity coincided with a bullish "cup-and-handle" formation on the daily candlestick chart, a pattern signaling upcoming breakouts. This development came after Alphabet's stock bottomed in early April, followed by a period of consolidation, during which several congressional buys occurred at significant technical inflection points.
Most recently, Alphabet's stock broke above the $160 resistance level, supported by strong trading volume. The volume profile also confirmed the breakout, implying strong support at that level. The equity closed the last session at $169.
One of the key drivers behind Alphabet's recent momentum has been its focus on artificial intelligence (AI). Alphabet unveiled a major advancement during its 2025 Google I/O conference - the introduction of "AI mode" in Google Search. This innovation marks a significant milestone in Alphabet's broader shift toward AI-powered services and appears to be a crucial factor behind the stock's recent rally.
Congressional trading challenges transparency, but these specific Alphabet transactions do not necessarily suggest improper insider trading. Alphabet's AI strategy is a vital contributor to its stock performance but is just one piece of a broader set of influencing factors.
Investing in Alphabet's stocks by several Congress members, including Representatives Marjorie Taylor Greene, Ro Khanna, and Robert Bresnahan, aligns with the tech giant's recent focus on artificial-intelligence, as showcased by their acquisitions in April and May 2025. This trend is noteworthy, considering that one of the key drivers behind Alphabet's recent momentum has been its advancements in artificial intelligence, particularly the introduction of "AI mode" in Google Search during the 2025 Google I/O conference.
