We are selling 70 shares of Procter & Gamble at roughly $166.45. Following the trade, Jim Cramer 's Charitable Trust will own 450 shares of PG, decreasing its weighting in the portfolio to 2.72% from 2.35%. In keeping with our discipline when the S & P Oscillator is overbought , we're raising some cash this morning. Procter & Gamble has gone on a solid run since reporting earnings on April 19, gaining roughly 5%. The rally has put the stock at a new all-time high.
The good quarter and follow-through rally confirmed our decision to add 30 shares to our position at around $156 in early April when the stock got knocked down a few percent in reaction to a downbeat comment by Ulta Beauty about the health of the beauty market. With PG stock up about $10 since then, we are selling those shares back and some more due to an overbought market as we downgrade our rating to a 2. We'll realize a gain of about 7% on stock purchased in May 2022.
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