Cramer says he’s ‘not against’ GameStop, AMC at current trading levels

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CNBC’s Jim Cramer said Wednesday that shares of GameStop and AMC Entertainment are within buying range, but cautioned investors who got in on the stocks lower to protect profits from a big run.

“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.

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