$1,000 invested when Jim Cramer called Meta stock ‘monster long’ is now worth
Photo: Finbold
The so-called ‘Inverse Cramer’ effect appears to have struck once again in October, as Meta (NASDAQ: META ) stock suffered a sharp 15-day drop immediately after the popular TV host gave it a decisive endorsement. Indeed, reacting to Muse artificial intelligence’s ( AI ) user retention data on October 12, Jim Cramer described META shares as a ‘monster long’, signaling his confidence in the long-term potential of the equity. At the time, the blue-chip technology giant was trading at $742.96, and it fell 16.52% to $620.19 by the latest, October 27 close.
Source: Finbold
