Jim Cramer Says Do Not Buy These 5 Stocks

3. Herbalife Ltd (NYSE:HLF)

Number of Hedge Fund Investors: 35

Jim Cramer has been bearish on Herbalife Ltd (NYSE:HLF) for quite some time now. Earlier in February he was asked about the dietary supplements company. Cramer said:

“No, no. We got to step up our game….not good enough.”

Herbalife Ltd (NYSE:HLF) recently revealed that its Chairman and CEO, Michael Johnson, bought 61,725 shares of Herbalife Ltd (NYSE:HLF) on February 16 at $8.07 per share.

As of the end of the fourth quarter of 2023, 35 hedge funds out of the 933 funds tracked by Insider Monkey had stakes in Herbalife Ltd (NYSE:HLF). The most significant stake in Herbalife Ltd (NYSE:HLF) was owned by William Duhamel’s Route One Investment Company which owns a $157 million stake in Herbalife Ltd (NYSE:HLF).