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Virginia’s 11th congressional district representative, Gerald E. Connolly, has recently made partial sales in two major corporations. The transactions involved stocks of Leidos Holdings , Inc. (NYSE:LDOS) and Science Applications (NASDAQ:SAIC) International Corporation (SAIC), both of which are held in a TIAA Joint account. Leidos Holdings, with a market capitalization of $20.56 billion, has earned a "GREAT" financial health rating according to InvestingPro analysis, demonstrating strong operational performance and stability in the Professional Services industry.
The first transaction involved Leidos Holdings, Inc., a Fortune 500 company specializing in defense, aviation, information technology, and biomedical research. The sale of the common stock was partial, with the transaction value falling within the range of $1,001 to $15,000. The transaction took place on May 13, 2025, and was reported four days later on May 17, 2025. The company has shown impressive performance, maintaining dividend payments for 14 consecutive years and achieving a 10.7% return year-to-date. InvestingPro analysis suggests the stock is currently trading below its Fair Value, with 12 additional exclusive insights available to subscribers.
In the same vein, Connolly also made a partial sale of common stock from Science Applications International Corporation, a leading technology integrator providing full life cycle services and solutions in the technical, engineering, and enterprise information technology markets. The transaction, like the previous one, fell within the $1,001 to $15,000 range. This sale also took place on May 13, 2025, and was reported on May 17, 2025.
Both transactions were part of a new filing state and were conducted through the TIAA Joint account, an investment vehicle that Connolly holds. It is important to note that these transactions do not necessarily indicate a shift in Connolly’s overall investment strategy, but they do provide insight into his recent activity in the stock market.
As per the STOCK Act, which requires members of Congress to disclose their trades, Connolly has certified that all transactions have been disclosed as required. The disclosure of these transactions ensures transparency and maintains public trust in the actions of elected officials.
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