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In a recent congressional trade report, Richard W. Allen, representing Georgia's 12th congressional district, has made considerable transactions in two major companies, AutoZone Inc. (NYSE:AZO) and Johnson & Johnson (NYSE:NYSE:JNJ).
On July 16, 2024, Allen purchased common stock in AutoZone, an American retailer of aftermarket automotive parts and accessories. The investment, valued between $15,001 and $50,000, was made through his account labeled LIVTR.
AutoZone, a prominent player in the automotive retail industry, has been a popular choice among investors due to its consistent performance and growth potential. However, it's important to note that this article does not provide investment advice and investors should conduct their own research or consult with a financial advisor.
On the same day, Allen also sold common stock in Johnson & Johnson, a multinational corporation that develops medical devices, pharmaceuticals, and consumer packaged goods. This transaction also fell within the range of $15,001 to $50,000. The sale was conducted through the same LIVTR account.
Johnson & Johnson has been a staple in the healthcare sector, offering a diverse range of products and services. The reason behind Allen's sale of the company's stock is not specified in the report.
The trades were officially reported on August 6, 2024. As per the STOCK Act, members of Congress are required to disclose their transactions to maintain transparency and avoid any conflict of interest.
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