In his "Homework" segment of Mad Money Friday evening, Jim Cramer followed up on a few stocks that had stumped him during earlier shows. He said that Everbridge (EVBG) , the critical event management platform, is an intriguing story. The company debuted at $12 a share and now trades over $90. Cramer said the stock is still cheap at nine times sales estimates, given its stellar growth rate. He suggested buying the stock, but only into weakness.
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There are no prior examples when a sharp drop comes right after making new all-time highs while also extremely overbought.
I suggest that you make a few 'sacrifices to the gods.'