A Congressman Purchased Stock Worth Up To $250K Days Before The Company's Sale

Good timing, a fortuitous purchase, or is there more to the tale? These are the decisions that the general public would probably associate

 with a significant investment made in stock in a business firm by a senator from the United States prior to the announcement of an acquisition.

The transaction, which values each ChannelAdvisor share at $23.10, was disclosed on Tuesday and is 57% more expensive than the stock's Friday, September 2 closing price.

Throughout the previous year, Sen. Tommy Tuberville (R-Alabama) purchased shares of ChannelAdvisor many times, with the most recent acquisition on July 14 being announced on August 15, 2022.

On July 14, Tuberville bought shares in ChanelAdvisor worth between $100,000 and $250,000. This information comes from CongressTrading.

On July 14, the day Tuberville made his transaction, shares of ChannelAdvisor traded in the range of $14.04 and $14.26. 

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