In this article, we discuss the 5 stocks that Jim Cramer is bearish on. If you want to read our detailed analysis of these stocks, go directly to Jim Cramer is Bearish on These 10 Stocks.
5. Insmed Incorporated (NASDAQ:INSM)
Number of Hedge Fund Holders: 18
Insmed Incorporated (NASDAQ:INSM) is a biopharma firm that develops therapies for rare diseases. On December 1, while answering a question on the Lightning Round of his show, Cramer gave the stock a negative mention.
Insmed Incorporated (NASDAQ:INSM) missed market estimates on earnings per share and revenue for the third quarter by $0.10 and $2.4 million respectively. The stock has slumped in value by over 31% in the past twelve months.
Among the hedge funds being tracked by Insider Monkey, California-based investment firm Palo Alto Investors is a leading shareholder in Insmed Incorporated (NASDAQ:INSM) with 6 million shares worth more than $165 million.