10 Stocks Jim Cramer Wanted You To Sell & Immediately Get Out Of

9. Pagaya Technologies Ltd. (NASDAQ:PGY)

Number of Hedge Fund Holdings in Q4 2024: 24 

Number of Hedge Fund Holdings in Q4 2025: 41

Performance Since Cramer’s Remarks: -14.7%

Date/Month of Cramer’s Remarks: February 24th, 2025

Pagaya Technologies Ltd. (NASDAQ:PGY) is a financial technology company that enables its customers to manage loan applications. The shares are up by 16% over the past year and are down by 45% year-to-date. While the stock is down by 14% since Cramer discussed it in February, it did soar by 209% between the 28th and September 2nd. One notable move in Pagaya Technologies Ltd. (NASDAQ:PGY)’s stock occurred on July 17th when the shares closed 25.4% higher. On that day, the firm announced its preliminary second-quarter results, which saw the firm guide $2.6 billion in network volume, $326 million in total revenue, and $17 million in GAAP net income. All three metrics were higher than the high end of Pagaya Technologies Ltd. (NASDAQ:PGY)’s previously stated range. However, the stock closed 23.9% lower on February 9th as the firm posted its fourth quarter earnings, which saw it miss analyst revenue estimates. Here is what Cramer had said about Pagaya Technologies Ltd. (NASDAQ:PGY) on February 24th:

“You know, it’s up so much. It, fintech, there’s only a couple fintechs that have really stayed. I want you to take some profits. Let’s just do it. Let’s just do that. I’m gonna ask you to ring the register.”