Was Jim Cramer Right About These 23 Stocks?

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21. Reddit, Inc. (NYSE:RDDT)

Number of Hedge Fund Holders: 87

At the time, Cramer viewed Reddit Inc. (NYSE:RDDT) as a post-IPO standout.

“The Reddit IPO came earlier this week and it was a success as the company managed to place enough stock with loyal Redditors who for the most part didn’t sell. […] I’m most interested in this company frankly.”

The episode aired around the company’s IPO. Since then, Reddit Inc. (NYSE:RDDT) has climbed by a whopping 178.70%.

Jim Cramer also talked about the stock during a Mad Money episode on February 18. Here’s what he said:

“Reddit was a red-hot IPO, running to $230 last week before getting clobbered by a quarterly miss. What caused it? A change in the Google search algorithm. No hot stock can afford to have that happen. […] I’ve been there. When I ran TheStreet, Google changed its algorithm multiple times without warning, and we’d miss a quarter by a mile. It happens. That’s why I think you should take advantage of this pullback and do some buying.”

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