We're selling 11 shares of Costco Wholesale (COST) Wednesday, at roughly $527 each.
Following Wednesday's trade, Jim Cramer's Charitable Trust will own 75 shares of COST, decreasing its weighting in the portfolio to 1.41%, from 1.62%.
Costco Wholesale stock has been on a solid run lately, advancing about 9% since the company reported quarterly earnings in late May.
With this sale, we're also downgrading Costco stock to a 2 rating , meaning we would wait for a pullback before buying up more shares.
Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
Persons:
Jim Cramer's, we're, Jim Cramer, Jim, Tim Boyle
Organizations:
Costco Wholesale, Costco, CNBC, Bloomberg, Getty
Locations:
Lake Zurich, Ill