This could be the worst-timed insider trade ever

Investors are accustomed to seeing insiders make profitable trades, especially among US politicians. However, there are times when these insiders make mistakes and lose a significant portion of their investment in a short period.This is precisely what happened to Rep. Michael McCaul. On April 4 and 5, he purchased $350,000 worth of Meta (NASDAQ: META) stock before voting ‘yes’ on the TikTok ban bill.Unfortunately for him, his trade didn’t pan out as expected, at least not in the short term. META stock dropp ...