Watch: J.Jill Shares Plummet; Jim Cramer Responds

J.Jill shares slumped on Thursday after lowering its outlook, sending shares down 50%.
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J.Jill (JILL) - Get Report 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) - Get Report - people who bought it got crushed."

Shares slumped 50% Thursday to $4.97.

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