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Representative Richard W. Allen from Georgia’s 12th congressional district has been active on the trading front, according to a recent congressional trade report. The congressman made several transactions involving AutoZone, Inc. (NYSE:AZO), a $56.5 billion auto parts retailer currently trading near its 52-week high, and US Treasury Bills. According to InvestingPro analysis, AutoZone’s stock shows low price volatility and has delivered strong returns over the past decade.
Allen purchased common stocks of AutoZone, Inc., a leading retailer and a distributor of automotive replacement parts and accessories in the Americas. The transaction, which took place on January 17, 2025, is valued between $15,001 and $50,000. The investment was made through R.W. Allen & Associates, Inc., a personal holding of the congressman.
In addition to the AutoZone purchase, Allen also made several transactions involving US Treasury Bills. He partially sold two sets of Treasury Bills (912797JR9) on January 8, 2025, each valued between $15,001 and $50,000. These transactions were conducted through an investment vehicle identified as SCH1.
Furthermore, Allen purchased two different sets of US Treasury Bills (91282CHB0 and 91282CKE0) on January 27, 2025. Each of these transactions is valued between $100,001 and $250,000. The purchases were also made through the SCH1 investment vehicle.
It is noteworthy that these transactions represent a mix of both equity and government securities. As an elected official, Allen’s transactions are disclosed to maintain transparency and uphold the STOCK Act, which mandates reporting of such transactions.
The report was certified and signed by Allen on February 20, 2025, affirming the completeness and correctness of the disclosed transactions.
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