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Lululemon, Dell Computer, Amazon, the parent of Restoration
Hardware and a few others hit hard by Trump's tariff threats
were down 40% on average late last week when she pounced.
Data from a required three-page financial holdings document
doesn't disclose exactly how much she paid for the stocks, only
ranges and dates.
But however much she spent, some of her bets are working out so
far, at least as of Wednesday's close.
RH, formerly called Restoration Hardware, is Greene’s clear
winner. It jumped more than a third since since Friday's close
when she bought it after a stunning collapse in price that shook
even the head of the furniture retailer.
“Oh, sh…!,” said RH CEO Gary Friedman in a conference call last
week as the stock plunged.
Dell has jumped 9% since Greene bought the stock last week after
it had lost more than half its value.
Lawmakers from both major parties have proposed bills banning
members from stock trading because of the apparent conflict of
interest in owning shares of companies they can heavily
influence with positions they can take in office.
But none of the clunkily named bills -- The Transparent
Representation Upholding Service and Trust in Congress Act, for
instance -- has been passed. A new bill, The End Congressional
Stock Trading Act, was proposed last month.
Asked whether she made the stock purchases herself and about
possible conflicts of interest, Greene said in a statement: “I
have signed a fiduciary agreement to allow my financial advisor
to control my investments. All of my investments are reported
with full transparency.”
The MAGA supporter has been outspoken in her support of Trump’s
tariffs.
“Tariffs are a powerful proven source of leverage to protect our
national interests,” she posted on X earlier this year, adding
“We will win this trade war.”
Investors are not completely convinced.
After surging on Wednesday when Trump called a partial halt to
the import taxes, stocks were heading down again Thursday.
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