United States Senator Markwayne Mullin is again facing scrutiny over his stock trades just days after his nomination to lead the Department of Homeland Security (DHS).
The Congree trade in question involved Mullin fully selling his position in Intuit (NASDAQ: INTU), valued between $15,001 and $50,000, on February 25, 2026.
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The disclosure, filed on March 10, also revealed two other transactions the same day: a full sale of AutoZone (NYSE: AZO) shares worth $50,001 to $100,000 and a purchase of UnitedHealth Group (NYSE: UNH) stock valued at $50,001 to $100,000.
Since Mullin’s sale, INTU shares have surged about 19.08%, rising from around $381 on February 25 to $453.95 as of March 11, 2026, outperforming the S&P 500, which fell 2.32% over the same period.
The rebound has fueled speculation that the senator exited near the bottom, potentially missing significant gains or avoiding further losses during a volatile period.
INTU stock collapse
Notably, Intuit stock had already suffered a steep decline before the trade, falling more than 52% from a July 2025 peak of $809 to a 52-week low near $349 in late February 2026. By press time, the equity was trading around $453 after ending the last session down more than 4%. Year to date, the stock is down about 27%.
INTU YTD stock price chart. Source: FinboldThe drop wiped billions from the company’s market cap and was driven by broader tech-sector weakness, valuation compression, AI disruption concerns, and softer Q3 guidance amid high marketing costs.
These disclosures come shortly after Mullin’s March 5 nomination by Donald Trump to lead the Department of Homeland Security, replacing Kristi Noem.
If confirmed, Mullin would oversee border security and immigration, though his active trading history could complicate confirmation hearings before the Senate Homeland Security Committee.
Mullin stock trades controversies
The Intuit sale also draws attention because of Mullin’s role on the Senate Appropriations Committee’s Financial Services and General Government Subcommittee, which oversees areas affecting tax software firms like Intuit.
His purchase of UnitedHealth has also raised questions given his seat on the Health, Education, Labor, and Pensions (HELP) Committee, which shapes healthcare policy affecting insurers such as UnitedHealth.
No direct policy link was identified for the AutoZone sale, though the trades suggest portfolio rebalancing amid shifting market conditions.
Overall, Mullin’s broader record includes more than 500 trades since 2023 totaling about $24 million, repeated STOCK Act violations for late disclosures, and past trades timed around geopolitical events, including purchases of defense and energy stocks before U.S. military actions.
Critics argue the pattern erodes public trust, particularly as he pursues a cabinet role where insider trading is strictly prohibited.
Featured image via Shutterstock
Source: https://finbold.com/trumps-new-dhs-nominee-suspiciously-dumped-this-stock-before-massive-crash/
