As stocks moved lower in intraday trading following a lackluster July ADP National Employment Report, Jim Cramer noted two significant standouts.
As of 10:00 a.m. ET, Robinhood (HOOD) - Get Free Report was over 34% higher to $63.00. Noting some recent selling in GameStop (GME) - Get Free Report and AMC (AMC) - Get Free Report, Cramer attributed the move to the Reddit trader.
Advanced Micro Devices
“The memesters try to find stocks that are heavily shorted and try to bust the people that short it," Cramer said.
TheStreet Live Recap: Everything Jim Cramer Is Watching 8/4/21
AMD is a holding in Jim Cramer's Action Alerts PLUS charitable portfolio.