Representative McCormick Sells Large-Cap Stocks Including Abbott Laboratories
Representative Richard McCormick (R-GA) has been selling shares of various large-cap stocks, including Abbott Laboratories (NYSE: ABT), according to a recent filing with the SEC.
The trades occurred on July 30th, with McCormick selling between $1,001 and $15,000 in each stock. These sales include Abbott Laboratories, McDonald's (NYSE: MCD), Medtronic (NYSE: MDT), NextEra Energy (NYSE: NEE), PepsiCo (NASDAQ: PEP), L3Harris Technologies (NYSE: LHX), Johnson & Johnson (NYSE: JNJ), Intercontinental Exchange (NYSE: ICE), Illinois Tool Works (NYSE: ITW), Home Depot (NYSE: HD), and Emerson Electric (NYSE: EMR).
McCormick's trades are publicly disclosed in his 'GROWTH PARTNERS ROTH IRA' account. His selling activity does not necessarily indicate a bearish sentiment on these companies, but rather, it could be a routine rebalancing of his portfolio.