Note: The Skinny blog is written by Rick Smith, editor and co-founder of WRAL Tech Wire and business editor of

RESEARCH TRIANGLE PARK, N.C. – Motricity (Nasdaq: MOTR) shares took a 6 percent hit Tuesday after Jim Cramer blasted the company as a “disaster” during his “Mad Money” program on Monday.

A lot of investors must have been tuned in or heard about Cramer’s very personal rant that targeted Motricity CEO Ryan Wuerch. (Read about the barrage here.)

Motricity opened Tuesday at $9.97 from Monday’s $10.43 close.

More than 2.24 million shares traded hands – higher than the daily average – and sellers drove the price as low as $9.68.

A rally at the end of the day lifted shares back to $9.80, but the 63-cent drop still represented more bad news for a stock that has been hemorrhaging for weeks.

Cramer blasted Motricity for its focus on dumb rather than smartphones, but that was a conscious decision Wuerch made when he sold off the smartphone business to his eager-to-buy partner Jud Bowman. Bowman is now building a powerhouse in Durham with his Appia smartphone apps marketplace business.

Motricity, meanwhile, missed analysts’ estimates on revenue for its first quarter by $400,000 at $32.2 million. Its profit after one-time charges and so forth beat Street expectations but investors still hammered the stock with a 13 percent after-hours selloff.

Cramer’s barrage certainly isn’t any good news for the company, which still has an outpost in Durham but now calls Washington state home. Its shares have plummeted from a 52-week high of $31.95. the 52-week low of $6.55 clearly shows that investors are still unsure about Wuerch and company.

On April 29, shares traded at $15.50. As late as April 21 the price was $14.05.

Now the investors are jumping ship, having been given a big push off the Motricity plank by Mad Money’s broadside.

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