U.S. defense stock soars over 60% since massive politician insider trade

Core Insights - Raytheon (NYSE: RTX) stock has reached an all-time high of $113.47, with significant price increases benefiting certain politicians, notably Markwayne Mullin, a member of the U.S. Armed Services Committee [1][10][17] - The stock has risen over 60% since Mullin's purchase on October 3, 2023, when the price was $70.58 [10][15] Stock Performance - Raytheon stock has increased by 8% on the day of reporting [2] - The stock has advanced 12.67% monthly and gained 33.87% year-to-date [12] Political Involvement - Markwayne Mullin's investment in Raytheon is part of a broader trend of politicians investing in defense stocks, coinciding with significant military-focused foreign aid legislation [11] - Mullin is also involved in investments in other companies, including Badger Meter (NYSE: BMI), Valero Energy (NYSE: VLO), and Meta Platforms (NASDAQ: META) [7]