Shortly after the market opens, we will sell 10 shares of Eli Lilly and Company stock at a price of approximately $958 per share. Jim Cramer’s Charitable Trust will hold 100 shares of LLY stock after Monday’s trading, reducing its weight to 2.85% from about 3.13%. Now that we are no longer restricted, we are selling some Eli Lilly stock. Last Tuesday, Eli Lilly’s stock price rebounded to a record high, and we downgraded the stock to 2 levels. We previously upgraded Eli Lilly to a Level 1 equivalent of Buy, around $800, in July on concerns about the growth of its fast-growing GLP-1 diabetes drug (Mounjaro) and weight loss drug (Zepbound). fell due to competition. Those concerns quickly proved to be overbought after second-quarter earnings results solidified its GLP-1 leadership position through improved supply. LLY 1Y mountain Eli Lilly YTD This decor, however, is all about discipline. We’ve had the stock running for almost a full year. Our previous sales price in September 2023 was $591. We would have realized a staggering 288% gain on shares purchased in January 2022. Club with Jim Cramer subscribers, you will receive trade alerts before Jim makes his trades. Jim waits 45 minutes after sending a trade alert before buying or selling stocks in his charitable trust portfolio. If Jim talked about a stock on CNBC TV, he would wait 72 hours after issuing a trade alert before executing the trade. The investment club information above is subject to our Terms and Conditions and Privacy Policy and our Disclaimer. No fiduciary duty or obligation is created or created by any information you receive in connection with the Investment Club. No specific results or profits are guaranteed.
