We are selling 70 shares of Dupont at roughly $76.34. Following the trade, Jim Cramer's Charitable Trust will own 800 shares of DD, decreasing its weighting to 1.93% from 2.09%. DuPont has climbed nearly 14% since we bought 70 shares in February at around $67 , and we are selling the same amount of stock Wednesday. When we made the purchase back then, DuPont shares were trying to bounce back from their January plunge , which came after the chemical maker issued weak guidance for 2024.
The company's exposure to artificial intelligence spending through its semiconductor business should further support that growth. In addition, the stock's valuation is still very reasonable as it trades at a discount to its pureplay electronic materials and water peers. Despite these positive factors, we wonder whether the stock, which is about $2 off from its 52-week high, may have gotten ahead of the inventory destocking.