It's our second time trading both stocks during this volatile week on Wall Street.
We are selling 50 shares of Procter & Gamble at roughly $170.60 and buying 100 shares of Nextracker at roughly $40.84. Following the trades, Jim Cramer 's Charitable Trust will own 350 shares of PG, decreasing its weighting to 1.9% from roughly 2.15%; and 950 shares of NXT, increasing its weighting to 1.25% from 1.10%. We're locking in additional gains in Procter & Gamble after the stock's rebound back to all-time highs.
It's our second purchase of the week after adding to the fairly new position during Monday's global stock sell-off . Nextracker is our speculative, renewable energy way to play the growing electricity demands around the world. The company reported a strong quarter last week that benefited from lumpy project timing, but the stock sold off hard because management did not raise its full-year outlook.
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