Jim Cramer Made Accurate Predictions About These 4 Stocks

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This article presents an overview of  Jim Cramer’s Predictions Were Right About These 4 Stocks. For a detailed overview of such stocks, read our article, Jim Cramer Made Accurate Predictions About These 9 Stocks.

4. Lucid Group Inc (NASDAQ:LCID)

Number of Hedge Fund Investors: 21

In June last year, Jim Cramer recommended investors to sell Lucid Group Inc (NASDAQ:LCID) since he believes Lucid Group Inc (NASDAQ:LCID) was losing money. Cramer has been bearish on the stock for a long time. In December 2022, Cramer had told investors that he’d not “fool around” with this stock and that “the thing just goes down and down.” Cramer said at the time that he was seeing a “trend” that was “dangerous.”

Lucid Group Inc (NASDAQ:LCID) shares have fallen by a massive 36% year to date in 2024 through March 18.

As of the end of the fourth quarter of 2023, 21 hedge funds out of the 933 funds tracked by Insider Monkey had stakes in Lucid Group Inc (NASDAQ:LCID) . The most notable stake in Lucid Group Inc (NASDAQ:LCID) is owned by Israel Englander’s Millennium Management which owns a $15 million stake in Lucid Group Inc (NASDAQ:LCID) .

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