J.Jill (JILL) shares slumped on Thursday after lowering its outlook.

"J.Jill is an example of the fraught nature of IPOs," said TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer. "It's one of those things like Blue Apron (APRN) - people who bought it got crushed."

Shares slumped 50% Thursday to $4.97.

Watch all of Jim Cramer's latest videos, right here:

More from Video

Jim Cramer: Kimberly Clark's Quarter Was Better Than Procter & Gamble's

Jim Cramer: Kimberly Clark's Quarter Was Better Than Procter & Gamble's

Video: Jim Cramer on What Trade Tariffs and Rising Rates Mean for Stocks

Video: Jim Cramer on What Trade Tariffs and Rising Rates Mean for Stocks

The Stock Market Isn't Rigged, Just Look At The Odds (VIDEO)

The Stock Market Isn't Rigged, Just Look At The Odds (VIDEO)

Let the Najarian Brothers Help You Generate Income With Options

Let the Najarian Brothers Help You Generate Income With Options

All Investors Can Trade Options, Just Ask the Najarian Brothers WATCH VIDEO

All Investors Can Trade Options, Just Ask the Najarian Brothers WATCH VIDEO