The trading activity of members of Congress continues to draw increased attention from retail traders, especially when committee assignments may lead to what some consider as conflict of interest trading activity.
Congressman Buys Defense Stock
Rep. Richard McCormick (R-Ga.) recently disclosed multiple stock transactions made in June, with two transactions making him the latest member of Congress to go long on defense stocks while Middle East tension is heightened.
On June 12, McCormick bought L3Harris Technologies (NYSE:LHX) stock with two transactions listed, each valued at $1,000 to $15,000, according to Quiver Quantitative.
The trades were part of several made by McCormick, including some buys and some sales.
The L3Harris Technologies purchase draws increased attention due to the committee assignments of McCormick.
The congressman serves on the House Armed Services Committee and the House Committee on Science, Space and Technology. He also serves on the Tactical Air and Land Forces subcommittee and the Space and Aeronautics subcommittee.
L3Harris serves the space, air, land, sea and cybersecurity sectors with commercial and government contracts. The company is a key government supplier.
The purchase by McCormick was made days before President Donald Trump invoked the Defense Production Act to address constraints on weapons.
With the purchase made and McCormick’s committee assignments, the trade will be closely followed.
McCormick’s Trading History
This isn’t the first time McCormick has traded L3Harris stock, with the congressman previously selling shares in March and buying the stock back in 2025.
The congressman has made 98 trades since 2023, according to data from Quiver Quantitative. This includes trades of $264,0000 in 2023 and $415,000 in 2025. The congressman made no trades in 2024.
In 2026, the congressman has made $272,000 in trades, currently making more sales than buys for the firs time in a calendar year.
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