Jim Cramer Charitable Trust Buys 100 Intel Shares at About $97.97, Total Rises to 1,300
Jim Cramer's charitable trust added 100 Intel shares at approximately $97.97, lifting its total position to 1,300 shares and raising the stock's portfolio weight from about 3% to 3.20%. The purchase came after a 10% rise in the prior session and a slight pre-market decline. Intel shares had climbed to about $113 in after-hours trading on July 23 following strong earnings, but retreated 7% to $92 in the next regular session. The stock has since recovered from a low about a week and a half earlier, yet remains below that post-earnings peak.
After the transaction, the relevant portfolio's total Intel holding increased to 1,300 shares, and the stock's weight in the portfolio rose from about 3% to 3.20%. In the previous trading session, Intel shares had gained 10%, but in pre-market trading before this purchase, the stock slipped slightly.
Intel shares rose to about $113 in after-hours trading on July 23 after the company posted strong earnings, but then gave back all of those gains in the next regular session, falling 7% to $92. The stock has since rebounded notably from its low about a week and a half ago, but it remains below the high reached after hours on July 23.