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Georgia Senator David Perdue boosts wealth with well-timed stock trades – CBS News

Senator David Perdue sold and bought stocks as the coronavirus began ravaging the United States.

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As the ravages of the novel coronavirus forced millions of people out of work, shuttered businesses and shrank the value of retirement accounts, the Dow Jones Industrial Average plunged to a three-year low.
But for Senator David Perdue, a Georgia Republican, the crisis last March signaled something else: a stock buying opportunity.
And for the second time in less than two months, Perdue’s timing was impeccable. He avoided a sharp loss and reaped a stunning gain by selling and then buying the same…

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