Was Jim Cramer Right About These 9 Stocks?

4. TEGNA Inc. (NYSE:TGNA)

Number of Hedge Fund Holders: 33

When a viewer asked about TEGNA Inc. (NYSE:TGNA), Cramer dismissed the stock entirely during that past episode, expressing strong disinterest in anything related to traditional broadcast television. He responded with:

“This is TV stations and I just don’t care for anything involving linear TV. It’s just not where I want to be. I’m sorry.”

Despite dismissing it, the stock is up +11.66% over the past year, making Cramer’s take too harsh.

TEGNA Inc. (NYSE:TGNA) is a broadcasting and digital media company that owns and operates dozens of local television stations and delivers news content to regional markets across the U.S.