Photo by Mandel Ngan/AFP via Getty Images

Sen. Kelly Loeffler (R-Ga.) and her husband, Jeffrey Sprecher, purchased and sold about $1.4 million in stock during the market panic set off by the coronavirus pandemic, the Wall Street Journal reports.

Why it matters: Though the couple still lost money, they were able to limit the financial blow from the stock market's worst month since October 2008.

Details: Loeffler reported that she and her husband bought $590,000 worth of stock and sold about $845,000 from Feb. 18 through March 13, according to WSJ's review of the senator’s financial disclosure.

  • If they held the shares they sold until March 31, they would have been valued at $86,000 less than what they sold them for.
  • The stocks they bought declined after they purchased them and resulted in losses of $102,000 through March 31.

Loeffler and her husband sold stocks in retail stores, such as Lululemon and T.J. Maxx, and invested a company that makes COVID-19 protective garments for medical workers, according to a review by the Atlanta Journal-Constitution.

Of note: Sprecher is the CEO of Intercontinental Exchange, which owns the New York Stock Exchange.

What they're saying: Loeffler has maintained that she did nothing wrong and that she and her husband do not have control over day-to-day trades, which are managed by third-party advisers.

  • “Sen. Loeffler came to Washington on a promise to be a different kind of elected official,” a spokesperson told the AJC.
  • “She holds herself to high standards of ethics and transparency, including acting in accordance with both the letter and spirit of the law, which she has done at every step of her time in the Senate and in her lengthy career in financial services.”

The big picture: Loeffler, who was appointed to her Senate seat by Georgia Gov. Brian Kemp after the retirement of Sen. Johnny Isakson, is running in a special election this year to keep her seat. Her Republican rival, Rep. Doug Collins, has used the appearance of impropriety from the stock trades to attack the senator.

  • “To have sold and then bought stocks that benefit them personally is just very, very frustrating,” Collins told Politico. "And it's very disheartening for those of us who have been in public service."
  • Several senators came under fire for making large stock trades while President Trump downplayed the severity of the outbreak. The SEC and the Justice Department are reportedly investigating at least one lawmaker's activities.

Go deeper: Senate Intel chair sold up to $1.6 million in stock before market crash

Go deeper

Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Health: Fauci says U.S. may not return to normal until 2022 — Trump's testing czar: Surge "is real" and not just caused by more tests
  2. World: Taiwan reaches a record 200 days with no local coronavirus cases
  3. Europe faces "stronger and deadlier" wave France imposes lockdown Germany to close bars and restaurants for a month.
  4. Sports: Boston Marathon delayed MLB to investigate Dodgers player who joined celebration after positive COVID test.

In pictures: Storm Zeta churns inland after lashing Louisiana

Debris on the streets as then-Hurricane Zeta passes over in Arabi, Louisiana, on Oct. 28. It's the third hurricane to hit Louisiana in about two months, after Laura and Delta. Photo: Sandy Huffaker/Getty Images

Tropical Storm Zeta has killed at least two people, triggered flooding, downed powerlines and caused widespread outages since making landfall in Louisiana as a Category 2 hurricane on Wednesday.

The big picture: A record 11 named storms have made landfall in the U.S. this year. Zeta is the fifth named storm to do so in Louisiana in 2020, the most ever recorded. It weakened t0 a tropical storm early Thursday, as it continued to lash parts of Alabama and the Florida Panhandle with heavy rains and strong winds.

4 hours ago - World

Taiwan reaches a record 200 days with no local coronavirus cases

Catholics go through containment protocols including body-temperature measurement and hands-sanitisation before entering the Saint Christopher Parish Church, Taipei City, Taiwan, in July. Photo: Ceng Shou Yi/NurPhoto via Getty Images

Taiwan on Thursday marked no locally transmitted coronavirus cases for 200 days, as the island of 23 million people's total number of infections reported stands at 550 and the COVID-19 death toll at seven.

Why it matters: Nowhere else has reached such a milestone. While COVID-19 cases surge across the U.S. and Europe, Taiwan's last locally transmitted case was on April 12. Experts credit tightly regulated travel, early border closure, "rigorous contact tracing, technology-enforced quarantine and universal mask wearing" and the island state's previous experience with the SARS virus for the achievement, per Bloomberg.

Go deeper: As Taiwan's profile rises, so does risk of conflict with China