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Financial Firm Books Profits in One Stock, Buys More in Another

A financial firm is reportedly taking significant profits from one stock to reinvest and lower the average cost basis in another stock.

6 Apr, 16:10 — 6 Apr, 16:10
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cnbcMostly Factual1d ago

We're booking some big profits in one stock and buying more shares in another

We're taking most of the sale proceeds to further build up and lower our average cost basis in another stock.

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