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When a senator sells stock, people pay attention. Florida’s Marco Rubio recently sold his Cisco Systems (CSCO) shares on Jan. 7. According to his filing, his position was worth between $1,000 and $15,000. While this isn’t a huge trade compared to other politicians’ deals, the timing makes it worth looking at more closely.
Cisco isn’t just any tech company. It’s a $248 billion giant that keeps many of the world’s computer networks running. The company has built trust with investors by steadily increasing its dividends year after year. Many big investment firms and regular investors hold onto Cisco stock for this reason. So when Rubio sells his shares, it makes you wonder if he knows something other investors don’t.
