Congressional Business Report: Rep. Mark Green Sold Over $100,000 in NGL Energy Partners Stock – NGL Energy Partners (NYSE:NGL)

Tennessee Bureau Representative Mark Green reported a sale of NGL Energy Partners NGL shares on February 1, 2024. According to the Periodic Transaction Report, the transaction was placed on February 1, 2024.

What happened: A recent report from the Clerk’s Office of the House of Representatives dated February 1, 2024 reveals that Green made a sale of NGL Energy Partners stock worth between $100,001 and $250,000.

As of this writing, NGL Energy Partners shares are trading 0.09% lower at $5.83.

Why Congressional Transactions Matter

Congressional transactions should not be used primarily to make an investment decision, however they can be an important factor for an investor to consider.

A congressional transaction occurs when a representative or senator buys or sells a single security. Anyone working in Congress must file a periodic transaction report to inform the public of their recent transaction within 30 days of notification of the transaction and within 45 days of the date of the transaction.

When a senator or representative makes a new purchase, it could indicate that they expect the stock to rise.

A sale, on the other hand, can be made for a variety of reasons and does not necessarily mean that the seller thinks the stock will go down.

In April 2012, former President Barack Obama signed the STOCK Act into law. The law prohibits members of Congress from using private information given to them by their position for personal gain such as buying or selling stocks. The act also expanded disclosure requirements for members of Congress by requiring them to submit a monthly disclosure.

Business summary

A February document says Tennessee Rep. Mark Green sold shares of NGL Energy Partners. The exact amount of the settlement remained unknown, but the statement indicated a range of between $100,001 and $250,000.

This article was generated by Benzinga’s automated content engine and reviewed by an editor.

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