Cramer Gives Allied Capital (ALD) a 'Sell, Sell, Sell'
On Friday night's Mad Money, Cramer told a Lightning Round caller to get rid of shares of Allied Capital (NYSE: ALD). He said the stock's recent run-up has created a great "opportunity to sell, sell, sell!" and that he doesn't want his viewers getting into a "leveraged financial".
Since hitting a new 52-week low of $1.50 on December 12, shares of Allied have surged to as high as $4.99, marking a 232% gain in less than a month of trading. Over the last several trading days, however, Allied has moved off its recent highs and today, the stock is tacking on further downside. Shares of Allied are currently trading down 13.7% to $3.85.
Allied Capital Corporation is a private equity firm specializing in buyouts, acquisitions, recapitalizations, note purchases, growth capital, and middle market equity and debt investments.
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