Following the trade, Jim Cramer's Charitable Trust will own 265 shares of META, decreasing its weighting to 4.4% from 4.56%.
As a result, the market is now overbought, with the S & P Short-Range Oscillator climbing to 7.36% as of Tuesday's close.
(Anything above a plus 4% indicates the market is overbought; anything below a minus 5% indicates the market is oversold.)
META YTD mountain Meta Platforms YTD We're inclined to do some profit-taking.
We upgraded Meta shares to a 1 rating on Aug. 2, and they are up roughly 17% since then.
Persons:
Jim Cramer's, it's, Jim Cramer, Jim
Organizations:
Danaher, Federal Reserve, Nasdaq, Dow Jones, Justice, Google, CNBC
Locations:
China