Stocks
Virginia Congressman Trims Apple Holdings Amid Volatility
Rep. John J. McGuire III, representing Virginia's 5th congressional district, has made two significant trades in his Merrill Lynch SEP IRA account, according to a recent congressional trade report.
The first transaction involved Apple Inc. (AAPL), with McGuire partially selling his holdings on August 18, 2026. The sale value fell between $1,001 and $15,000.
InvestingPro analysis suggests that AAPL is overvalued relative to its Fair Value at the time of the trade, which was near its 52-week high of $344.57.
The second transaction was a purchase of common stock from NVIDIA Corporation (NVDA), also on August 18, 2026, with an investment value between $1,001 and $15,000.