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New Jersey’s 7th congressional district representative, Thomas Kean Jr, has recently made several significant transactions in the stock market, as detailed in the latest congressional trade report.
Kean purchased shares in Amazon.com, Inc. (NASDAQ:AMZN) and Mondelez International, Inc. (NASDAQ:MDLZ), with each transaction valued between $1,001 and $15,000. These purchases were made on February 26 and February 7, 2025, respectively, and were reported on March 7, 2025. Amazon, currently trading at $197.86, has seen its stock decline 11.6% year-to-date, though InvestingPro analysis suggests the stock is currently in oversold territory.
The congressperson also sold stocks from Magnera Corporation (NASDAQ:MAGN) and Pernod Ricard (EPA:PERP) SA (OTCMKTS:PRNDY). The transaction amounts for both sales also ranged from $1,001 to $15,000. The sales took place on February 12 and February 7, 2025, and were reported on March 7, 2025.
In a larger transaction, Kean partially sold his stake in Stryker Corporation (NYSE:SYK), a medical technologies firm. The value of this transaction ranged from $15,001 to $50,000 and was reported on March 5, 2025.
These transactions were made through two investment vehicles: the Kean Family Partnership, which holds a 33% interest, and the State Street (NYSE:STT) Bank & Trust Co.
As per the STOCK Act, these transactions have been disclosed to maintain transparency in the financial dealings of congress members. The act aims to prevent insider trading by requiring congress members to report their transactions within 45 days.
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