Did Jim Cramer Get These 23 Stocks Right?

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11. Reddit Inc. (NYSE:RDDT)

Number of Hedge Fund Holders: 87

Talking about the great run that Reddit Inc. (NYSE:RDDT) had following its much anticipated IPO at the time, Cramer said:

“You probably heard about the Reddit IPO which instantly soared from $34 to $50 when it debuted last week. Then it shot up by about 30% today, it’s closing just under $60 bucks now. Look, I’m not as interested in this one given that Reddit is a 19-year-old company that it’s both unprofitable and cash flow negative but it has had a monster run.”

Reddit Inc. (NYSE:RDDT) has skyrocketed by 84.11% since Cramer mentioned the IPO.

His latest comments surrounded the negative investor sentiment around technology stocks on the 11th of March. Here’s what he said:

“We do wanna watch Reddit, big company. . .Because these have to bounce. If they bounce. . .”

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