Jim Cramer’s Charitable Trust sold 50 shares of Cardinal Health at roughly $251 per share, locking in a gain of about 9% on shares purchased between August and September 2024 below $235. The stock was up more than 5% this week, near a record high, driven by news that it extended its distribution agreement with CVS Health. Proceeds from the sale were used to buy 75 additional shares of Bank of New York, which reported better-than-expected quarterly results with revenue of $5.7 billion and EPS of $2.37, beating estimates of $5.5 billion and $2.27 respectively. This rotation reflects a broader market trend away from AI and data center winners toward defensive sectors like healthcare.
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