CNBCs Jim Cramer råder Robinhood-aktionærer til at reducere deres positioner, efterhånden som det bliver memeaktier

CNBCs Jim Cramer har spurgt Robin Hood (NASDAQ: HOOD) aktionærer for at reducere, hvor meget af handelsappens aktier, de ejer, siden HOOD er ​​blevet en meme-aktie. Cramer foreslår, at aktionærerne skal tage deres overskud og komme ud af positionen, før tab begynder.

Speaking about the recent HOOD spike, the Mad Money vært sammenlignede Robinhood med AMC (NYSE: AMC) og GameStop (NYSE: GME). Biografkæden og videospilforhandleren steg begge tidligere i år, med stigningen forårsaget af følelser, der stammer fra Reddit. Cramer sagde:

“Meme stocks are easy money on the way up. But as we’ve seen with GameStop and AMC of late, you have to take profits while you still have them by selling gradually on the way up.” 

Cramer believes that the upward momentum of meme stocks does not last too long, and it’s best to make profits while their prices are still high. The former hedge fund manager suggests that any investor who gets too carried away by the recent surge in value and refuses to quickly capitalize in a practical way may get burned down the line. According to him: 

“It doesn’t matter how much you love [Robinhood], discipline always trumps conviction.”

Robinhood shares advanced 50.4% to close at $70.39 after initially hitting an $85 high on Wednesday. This was on the back of a 24.2% gain the brokerage firm made on Tuesday and now roughly represents an 80% gain in two days. This recent Robinhood uptick is enough to see the company dubbed a meme stock.

Cramer Hedges Opinion on Robinhood Stock

Although Jim Cramer is urging Robinhood investors to trim some of their positions, he also advises that they still retain a sizable stake in the company. In his opinion, this is to allow for additional growth as he believes the brokerage firm has a solid future ahead of it.

Cramer had rådgav investorer to buy Robinhood shares on Monday. At the time, he believed Robinhood CEO and co-founder Vlad Tenev would transform it into a diversified fintech company, one capable of competing with other established players such as Square and PayPal.

The Recent Robinhood IPO

Robin Hood gik offentligt den 29. juli på NASDAQ med et børsnoteret udbud (IPO) på 38 USD pr. aktie. Ved udbuddet tilbød Robinhood nogle af aktierne til detailinvestorer. Dette var usædvanligt, fordi Wall Street normalt gør dette med institutionelle investorer og andre personer med en høj nettoformue.

Robinhood experienced a rocky start to its public offering as share prices dropped 8% to $34.82. As a result of this, the trading app managed to raise close to $2 billion after selling 52.4 million shares which was lower than its initial forecast. 

Currently, Robinhood has a market capitalization of $32 billion. In its relatively short time of being a public company, the company’s stock has traded as low as $33.25.

The term ‘meme stock’ refers to under-the-radar stocks listed in the US market. These stocks are usually without fundamentals and suddenly catch the fancy of individual investors or day traders. A social media frenzy is also one of the major reasons a stock becomes a meme stock.

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