Shares of AquaBounty Technologies (NASDAQ: AQB) fell on Wednesday, following a bearish technical analysis shared by well-known TV personality Jim Cramer. As of noon EDT, the stock was down 16%.
Cramer had AquaBounty CEO Sylvia Wulf on his CNBC Mad Money program on Tuesday night. During the segment he allowed Wulf to talk about the advantages of the company’s land-based farms for genetically modified salmon. However, an article was published by Real Money (shared by Cramer on social media) after the show that seems to have the stock falling today. The article presented a technical analysis, which concluded with a “grim forecast” and a recommendation to avoid going long (buying shares) on AquaBounty stock.