Livewire
We're exiting our remaining stake in an industrial stock spin-off gone wrong
The Trust is exiting Honeywell Technologies after reducing the stake last month and citing a small loss, while the stock rose about 1% on Wednesday.
✓Source-backed summarySource: CNBC
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THE VERIFIED BREAKDOWN
- CNBC Investing Club says the Trust is selling its remaining position in Honeywell Technologies, with 110 shares sold at roughly $209 each.
- After Wednesday's trade, Jim Cramer's Charitable Trust will no longer own a position in HON.
- The trust said it is using the rebound to realize a small loss of about 3% and move on from the position.
About this report
This concise Alpha Insights summary is based on the linked original source. No market-price claims are inferred from the reported event.
For informational purposes only. Not investment advice.