Jim Cramer on Blackstone: “Too Many Short Sellers, But Not a Lot of Failures”

Published on April 24, 2026 at 11:57 am by Syeda Seirut Javed in News

Blackstone Inc. (NYSE:BX) was among the stocks covered in Jim Cramer’s Mad Money recap as he urged investors to focus on the fundamentals of companies. Cramer mentioned the company during the episode and stated:

How about Blackstone, BX? Okay, not that long ago, we were reading about how this terrific private equity firm could be crushed by its private credit business line. Now, it had owned a fund that had big redemptions because of fear that the fund’s software investments would be destroyed by Anthropic. See the theme?… The stock fell from $160s in January to the low $100s. Other private equity firms gated funds or did limited redemptions. Blackstone, what did they do? They actually went to their employees and said, hey, would you like to step in and buy some of the private credit funds to help recover redemptions? I actually know they did this voluntarily. I was screaming up and down because, it was voluntary, that you had to buy the stock…. It quickly fell another 10 points… Then the software stocks in the most important software index sprang back to life. Too many short sellers, but not a lot of failures. It looks like Anthropic is not the kiss of death after all. Blackstone stock roars back to $133 at one point today, even though it pulled back in the afternoon to $128.50. The move was worth catching, even as it seemed like throwing good money after bad when the stock kept falling after the employees made their contribution.