Michael K. Simpson bought Telefonaktiebolaget LM Ericsson B ADR (NASDAQ: ERIC)
Michael K. Simpson (R-ID), a U.S. Representative, has disclosed 3 trades in Telefonaktiebolaget LM Ericsson B ADR (ERIC) since 2014, 1 purchase and 2 sales, worth an estimated $24K in disclosed volume (the midpoint of the dollar ranges members report, not exact amounts).
The trade highlighted here is a purchase: Michael K. Simpson bought $1,001 - $15,000 of Telefonaktiebolaget LM Ericsson B ADR (NASDAQ: ERIC) on March 10, 2014. Since that trade, ERIC is up +9.25% against the S&P 500 up +385.29%, an outperformance of -376.05%.
Across these filings, Michael K. Simpson has been a net seller of ERIC (a buy-to-sell ratio of 0.50). The most recent disclosed ERIC transaction shown was dated January 13, 2021. Each row in the table below links to that trade and its post-trade performance versus the market.
Data updated
Michael K. Simpson's ERIC trades vs the price
ERIC is up +9.25% since Michael K. Simpson bought on March 10, 2014, versus +385.29% for the S&P 500.
Performance since this trade
All Michael K. Simpson ERIC trades
Michael K. Simpson & ERIC trading FAQ
Is it legal for Michael K. Simpson to trade Telefonaktiebolaget LM Ericsson B ADR (ERIC) stock?
Yes. Members of Congress are allowed to trade individual stocks, including Telefonaktiebolaget LM Ericsson B ADR (ERIC), but the STOCK Act of 2012 requires them to publicly disclose each transaction within 45 days. Quantellect tracks those disclosures; this page does not imply the trade was improper.
When did Michael K. Simpson buy ERIC?
Michael K. Simpson disclosed a purchase of $1,001 - $15,000 of Telefonaktiebolaget LM Ericsson B ADR (ERIC) on March 10, 2014, according to public STOCK Act filings.
How has ERIC performed since Michael K. Simpson's trade?
Since Michael K. Simpson bought ERIC on March 10, 2014, the stock is up +9.25%, versus +385.29% for the S&P 500 over the same period, an outperformance of -376.05%.
How many times has Michael K. Simpson traded ERIC?
Michael K. Simpson has disclosed 3 ERIC trades since 2014 (1 purchase and 2 sales). Every disclosed trade is listed on this page.
How soon must members of Congress disclose a trade?
Under the STOCK Act, members of Congress must publicly report a covered transaction within 45 days of the trade. Filings can still be delayed, amended, or contain errors.
Where can I see all congressional ERIC trades?
Quantellect tracks every disclosed congressional trade in Telefonaktiebolaget LM Ericsson B ADR (ERIC) on the Telefonaktiebolaget LM Ericsson B ADR congressional trading page, which aggregates filings across all members of Congress.
Michael K. Simpson's ERIC tradesAll congressional filings for Telefonaktiebolaget LM Ericsson B ADRMichael K. Simpson's full profile
Not investment advice. Congressional trading data is sourced from public STOCK Act disclosures, which are filed with a delay and may contain errors or be revised. Estimated prices and post-trade returns are derived algorithmically from public filings and end-of-day market data and describe historical activity, not a recommendation. Always do your own research and consult a licensed financial advisor before making investment decisions.