Jim Cramer Doesn’t Like These 5 Stocks

3. Tilray, Inc. (NASDAQ:TLRY)

Number of Hedge Fund Holders: 20  

Tilray, Inc. (NASDAQ:TLRY) produces and sells cannabis products. Cramer gave the stock a Sell recommendation during the Lightning Round segment of his show on April 26. Answering a query about the company, the former hedge fund manager said that “until we get federal legislation, period, these stocks are impossible to own”. 

On May 2, Alliance Global Partners analyst Aaron Grey maintained a Neutral rating on Tilray, Inc. (NASDAQ:TLRY) stock and lowered the price target to $5.5 from $8, noting that the firm had a difficult path ahead with factors outside its control to achieve revenue growth targets. 

At the end of the fourth quarter of 2021, 20 hedge funds in the database of Insider Monkey held stakes worth $118 million in Tilray, Inc. (NASDAQ:TLRY), compared to 16 in the previous quarter worth $84 million.