Jim Cramer on McGraw Hill: “I Think It Could Go Down a Few More Bucks”

McGraw Hill, Inc. (NYSE:MH) was among the stocks Jim Cramer discussed as he said that the Iran peace negotiations could trigger an oil glut, cool inflation, and pull interest rates down. Toward the end of the lightning round, a caller asked if they should buy, sell, or hold the stock. In response, Cramer stated:

It’s [at] $9. I think it could go down a few more bucks. It doesn’t lose money, but it has been AI. And these ones that are AI, you keep trying to catch them, and they are just falling knives, they’re falling cell phones, they’re falling safes, they’re falling manhole covers.

A stock market chart. Photo by Arturo A on Pexels

McGraw Hill, Inc. (NYSE:MH) sells printed and digital learning materials and study tools for students, teachers, and professionals. The company reported its earnings on June 11, posting a Q4 non-GAAP EPS of $0.32, outperforming the forecasts by $0.15. Its revenue of $463.72 million beat estimates by $23.8 million but was down about 2% year over year.

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