Jim Cramer Highlights StubHub’s “Disappointing Result”

StubHub Holdings, Inc. (NYSE:STUB) is one of the stocks Jim Cramer discussed recently. Cramer highlighted the stock’s decline since its IPO and his previous warning about it. He said:

“Because of those soft results from Ticketmaster, I’d also like to point out that StubHub, a similar business that I warned you away from after it came public in September, is now down 20% from its IPO price. Not good. In fact, it’s now down more than that because the stock is moving lower in after-hours trading, after StubHub reported a disappointing result in its first earnings report as a public company after the close tonight, first.”

A stock market graph. Photo by energepic.com

StubHub Holdings, Inc. (NYSE:STUB) operates an online marketplace for buying and selling tickets to sports, concerts, theater, and other live events. During the September 17 episode, Cramer discussed the stock’s IPO and said:

“That’s why I didn’t mind what happened to StubHub, the online ticket seller, came public at 23:50 today, and then saw its stock fall below its offering price by 1:15 PM. It finished the day at 22 bucks. Ouch. Look, I’m not picking on StubHub. I actually use them to get tickets wherever I go, including Wembley to see the Eagles play the Jags in a previous decade. I’m a fan of StubHub, but I’m happy to see this IPO fizzle because it will help curb your enthusiasm.”

While we acknowledge the risk and potential of STUB as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than STUB and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.