We’re trimming some more off a stock that’s enjoying nice post-earnings gains

Share

The Jim Cramer’s Charitable Trust is selling 50 DuPont shares at roughly $147 each, followed by 400 shares after Tuesday’s trade. The sales will reduce DD’s weighting in the portfolio to about 1.5% from 1.7%. DuPont reported better-than-expected third-quarter results, with organic sales up 5% year over year and adjusted earnings per share of $2.09 versus a consensus estimate of $1.87. The company also raised its full-year guidance and issued an upbeat fourth-quarter outlook. The shares gained 4% to around $147 and briefly traded as high as $154, prompting the fund to lock in a gain of about 58% on shares purchased in August 2023.

Source: Read the original article

Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

Read More

Items