We're booking more profits in a tech stock as the market wobbles ahead of a big IPO

CNBC Top News ·

We're booking more profits in a tech stock as the market wobbles ahead of a big IPO

We're selling 12 shares of Arm Holdings at roughly $325 each. Following Tuesday's trade, Jim Cramer's Charitable Trust will own 118 shares of ARM, reducing its weight in the portfolio to 1% from …

We're selling 12 shares of Arm Holdings at roughly $325 each. Following Tuesday's trade, Jim Cramer's Charitable Trust will own 118 shares of ARM, reducing its weight in the portfolio to 1% from 1.11%. We're selling a small amount of Arm for three reasons. First, we want to protect against the stock giving back its parabolic move. We're not catching the all-time high here, but shares are still up nicely since our prior sale around $314 two weeks ago. …

Original source: CNBC Top News

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Jim Cramer