Senator sold online travel company stock in day before Trump Europe travel ban – By Greg Farrell, Billy House, and Bloomberg (Fortune) / April 3 2020
Senator Kelly Loeffler sold a total of $46,027 worth of stock in an online travel company in the day leading up to President Donald Trump’s announcement of a ban on most European travel to the U.S.
Though the transactions were relatively small for Loeffler and her husband — whose net worth is estimated at more than $500 million — the sales represented an about-face.
Loeffler, a Georgia Republican, had just days earlier purchased the shares, in Booking Holdings, jointly with her husband, Jeffrey Sprecher, the chief executive officer of Intercontinental Exchange, parent firm of the New York Stock Exchange
Booking Holdings provides online bookings for flights, hotels and other travel-related services, all of which have collapsed because of the Covid-19 pandemic.
The stock was purchased on March 6, the day that Loeffler traveled with Trump, visiting the Centers for Disease Control and Prevention headquarters in Atlanta for an update on the coronavirus response, and continuing on a later flight to Florida.
Continue to article: https://fortune.com/2020/04/03/senator-online-travel-company-stock-trump-europe-travel-ban/
