Senator McConnell Sells Luminar Stock at Significant Loss in 2025
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 15 2026
0mins
Source: Benzinga
- Transaction Overview: In 2025, Senator Mitch McConnell disclosed stock sales of Luminar Technologies through his spouse, with transactions on June 26 ranging from $15,000 to $50,000 and on December 24 from $1,000 to $15,000, indicating a lack of confidence in the company's future prospects.
- Stock Price Fluctuation: Luminar shares closed at $5.38 in 2024, peaked at $10.40 in January 2025, but fell below $5 in April, ultimately closing at $0.169 on December 24, reflecting a dramatic 96.9% decline and highlighting significant financial challenges for the company.
- Loss Calculation: If McConnell held $15,000 in Luminar shares from 2024 and sold them on December 24, 2025, the transaction would only be worth $471.17, indicating a missed opportunity of $14,528.83, underscoring the substantial loss from not selling earlier.
- Legal Compliance Disclosure: Although the transactions were executed by McConnell's spouse, Elaine Chao, they are disclosed under McConnell's name in accordance with the STOCK Act, demonstrating the transparency requirements for political figures in stock trading.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
