Trump discloses more than 1,100 July trades, including up to $25 million each in sales of Microsoft, Amazon
Trump sold tech stocks including Amazon and Microsoft when the Mag 7 stocks popped on July 20, adding $291 billion in market value in one day.
Donald Trump engaged in over a thousand stock transactions amounting to between $79 million and $270 million in July, according to a Guardian analysis of his latest financial disclosure. This disclosure, released on Tuesday, revealed that Trump made more than 440 purchases and 700 sales during July. His two largest sales were of Amazon and Microsoft stock, totaling between $5 million and $25 million each on July 20.
On the same day, Trump sold up to $5 million worth of Oracle and Costco stock, $500,000 to $1 million in Nvidia, and bought up to $5 million worth of shares in Intuit and Salesforce. Overall, he made more than 700 sales worth between $35 million and $137 million, and made more than 440 purchases worth between $43.5 million and $134 million.
The White House stated that Trump's stock and bond portfolio was independently managed by third-party financial institutions with no conflicts of interest. Despite the high volume of transactions, the White House claims there is no influence from Trump or his family over the portfolio management. The July disclosure comes at a time when Trump and the Republican party advocate for a ban on stock trading among members of Congress, a stance Trump has maintained throughout his second term.
Written by urgent.news from The Guardian US's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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