Intel Corporation (NASDAQ:INTC) stock has soared in recent months, hitting new all-time highs. The gains are good news for President Donald Trump and the White House administration, which took an equity stake in the chip maker in 2025.
A congressman has also profited from a stake in Intel stock and may have witnessed a defense stock he owned getting a Trump-related boost as well.
Congressmen Cash Out Intel Stock, General Dynamics Stock
Rep. Dwight Evans (D-Penn.) recently disclosed selling two stocks that may have received a boost from the Trump administration, according to data from Benzinga Government Trades.
The transactions were:
- June 10: Sold $1,000 to $15,000 in Intel stock
- June 10: Sold $1,000 to $15,000 in General Dynamics (NYSE:GD) stock
Both stocks have hit new all-time highs in recent months. Intel has been helped by a boost in demand and the government stake.
General Dynamics is part of the defense sector, which has seen higher share prices thanks to ongoing tensions in the Middle East and the Trump administration’s push for a higher defense budget going forward.
Intel stock traded at $111.50 on June 10, 2026. Evans previously bought Intel stock several times since 2022, with a purchase on March 30, 2022, when shares traded as high as $52.51 and a purchase on April 3, 2025, when shares traded as high as $23.90.
This means that Evans sold his Intel stock for a profit of around 112.3% to 366.5%.
General Dynamics stock traded as high as $349.00 on June 10, 2026. Evans previously disclosed buying the stock on March 30, 2022, when shares traded as high as $245.63. This means Evans had a profit of at least 42.1%.
Evans previously reported selling Intel stock on May 7, 2026, which likely came at a large profit, too, based on the price that day and the prices at which the shares were bought in previous days.
Evans Trading History
Evans has been in the House since 2016 and will soon leave after deciding not to seek re-election in the 2026 midterm elections.
Over his 10 years in office, Evans has made over 180 trades valued at $2.1 million, according to data from Quiver Quantitative.
Most years, Evans makes around $100,000 in trades.
Image via Shutterstock
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