“I’m not against [buying] GameStop or AMC at these levels. GameStop’s currently below where I told you to ring the register in January,” the “Mad Money” host said.
GameStop stock moved 0.85% higher on Wednesday to $302.56, and AMC ended the session at $49.34, down 10.37% from Tuesday’s close.
“If you’ve ridden them up from much lower levels, take a little off the table,” Cramer said. “These stories could always get dinged.”
Shares of the beleaguered companies have shot up as part of the Reddit-fueled retail trade. GameStop has skyrocketed more than 1,500% so far in 2021. AMC has rallied more than 2,200% through Wednesday.