An official report on August 18, 2026 reveals Representative Rick Allen’s recent sale of Abbott Laboratories (NYSE:ABT) stock, valued between $15,001 and $50,000. The transaction took place on July 14, 2026, as per the August filing.
At this time, Abbott Laboratories shares are trading up 2.2% at $113.5.
What Representative Has Been Trading Recently
In the last three years, Rick Allen completed 79 stock transactions totaling more than $2.41 million. American Water Works Co and Ameriprise Finl stocks were among the largest trades. Some of the most notable transactions the Rep. has executed recently include:
- Abbott Laboratories (NYSE:ABT): $15,001 – $50,000 Sale
- Intuit (NASDAQ:INTU): $15,001 – $50,000 Sale
- Advanced Micro Devices (NASDAQ:AMD): $1,001 – $15,000 Purchase
Here’s a summary of Rick Allen’s recent trades:
| Company | Ticker | Stock Type | Amount | Transaction Type | Transaction Date |
|---|---|---|---|---|---|
| Abbott Laboratories | ABT | STOCK | $15,001 – $50,000 | S | 2026-07-14 |
| Advanced Micro Devices | AMD | STOCK | $1,001 – $15,000 | P | 2026-07-14 |
| Broadcom | AVGO | STOCK | $1,001 – $15,000 | P | 2026-07-14 |
| Intuit | INTU | STOCK | $15,001 – $50,000 | S | 2026-06-10 |
Want to keep up with Rick Allen and other congressional members’ stock activities? Check out our government trades tool for real-time updates!
Why Congressional Transactions Matter
A congressional transaction is when any representative or senator either buys or sells an individual stock.
Anyone working in Congress must file a Periodic Transaction Report to inform the public of their recent transaction within 30 days of being notified of the transaction and within 45 days of the transaction date.
In April 2012, Former President Barack Obama signed the STOCK Act into law. The act prohibits members of Congress from using private information given to them by their position for personal gain such as buying or selling a stock. The act also expanded disclosure requirements for members of Congress by requiring them to file a monthly disclosure.
The Importance of Congressional Transactions
Congressional transactions shouldn’t be the primary reason for an investing decision, but they can be an important factor for an investor to consider.
When a senator or representative makes a new purchase, it could be an indication they expect the stock to rise.
A sale, on the other hand, can be made for a variety of reasons, and may not necessarily mean the seller thinks the stock will go down.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
