Business
With US in COVID-19 panic, Sen. Perdue saw stock opportunity – The Associated Press
WASHINGTON (AP) — As the ravages of the novel coronavirus forced millions of people out of work, shuttered businesses and shrank the value of retirement accounts,…
WASHINGTON (AP) 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 Sen. 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, Perdues timing was impeccable. He avoided a sharp loss and reaped a stunning gain by selling and then…
