“If you find yourself asking, how low can it go? The answer is almost always lower,” the “Mad Money” host said.
The company reached a new 52-week low of $6.18 earlier in the day, down from its 52-week high of $64.52 reached roughly a year earlier.missed Wall Street expectationsThe firm also reached a new 52-week low earlier in the day at $64.30, far below its 52-week high of $314.76 reached last August.
"These newer stocks, the ones that were coined in the last three, four, five years, they've been insanely expensive before the peak … maybe even before they came public, so as their business deteriorates, they can fall very, very far before they find any kind of support," Cramer said. He added that despite DocuSign's hard fall, he still doesn't think the stock is cheap enough to be a buy. As for Stitch Fix, the stock is untouchable until the company's core business stabilizes, he said.
"We don't care where these former market darlings have been. … We only care where they're going," he added.Disclaimer
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Jim Cramer Says to Avoid ‘Bogus' Tech Companies That Should've Never Gone Public“I say they should never have come public, but in many cases they shouldn’t even exist,” the “Mad Money” host said.
Consulte Mais informação »
Yes, You Should Get A Dog'If you have one or more kids already, I think you should get a dog.'
Consulte Mais informação »
Why Bitcoin and Ethereum Are the Right Bets According to Jim CramerAccording to Jim Cramer, crypto investors should focus mainly on Bitcoin and Ethereum and never borrow money to enter the ecosystem.
Consulte Mais informação »
Mad Money's Jim Cramer Offers Advice on Cryptocurrency Investing – Featured Bitcoin NewsThe host of Mad Money, Jim Cramer, has some advice for cryptocurrency investors. 'I would never discourage you from buying crypto.'
Consulte Mais informação »
Kendall Jenner Is All About Her Straight Leg JeansKendall Jenner proves that there’s nothing better than a simple jeans and tee combo.
Consulte Mais informação »
WTI Crude Oil Forecast: Crude Oil Continues to Look BullishThe West Texas Intermediate Crude Oil market has pulled back just a bit on Thursday, but at this point in time, we are a little stretched at the moment.
Consulte Mais informação »