Representative Dan Newhouse Purchases Uber Stock Amid Broader Market Weakness
Representative Dan Newhouse, a Republican from Washington's 4th Congressional District, purchased up to $15,000 worth of Uber stock on July 10. This transaction is part of a pattern of congressional trading in Uber stock, with members of Congress having traded the company's shares five times in the past six months. Of these trades, three were purchases and two were sales. Other congressional members involved in Uber stock trading include Representative Gilbert Ray Cisneros, Jr., who made one purchase and two sales, and Senator Alan Armstrong, who made one purchase. The broader market saw Uber stock decline by 4.0% on the day of Newhouse's purchase, attributed to general market risk-off trading and ongoing investor concerns regarding Uber's third-quarter outlook. 
