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Did this congressman benefit from a stock buy just before FDA approval?
CRNXCrinetics Pharmaceuticals(CRNX) Finbold·2024-10-07 14:23

On October 3, Representative Josh Gottheimer of New Jersey's 5th district disclosed a September 25 investment in Crinetics Pharmaceuticals (NASDAQ: CRNX), a mid-cap stock that no U.S. politician had previously traded. At that time, the CRNX share price was 50.58,andtherepresentativestotalpurchaserangedfrom50.58, and the representative's total purchase ranged from 1,001 to 15,000.Sincethen,CRNXstockhasbeenonasustainedupwardtrendatpresstime,tradingat15,000. Since then, CRNX stock has been on a sustained upward trend — at press time, trading at 56.48, an increase of 11.66% since Gottheimer's purchase. Depending on the amount inves ...