Here's Why Clover Health Soared on Tuesday

Motley Fool2021-09-08

What happened Clover Health(NASDAQ:CLOV), the Medicare insurance technology company, has had a volatile history since going public through a Chamath Palihapitiya-backedSPAC, and it is on the move on ...

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Comments

bluem
2021-09-08
bluem
I bought it
Linda1127
2021-09-08
Linda1127
Interesting.. was $8 when i looked at it yesterday
lololol13
2021-09-08
lololol13
Pls like, thanks
lee1234
2021-09-08
lee1234
Like
- HuiBing:
  ok
WayneSing
2021-09-08
WayneSing
ok
MuppyKoh
2021-09-08
MuppyKoh
Please like
- lololol13:
  done

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As of closed, the stock was higher by more than 22%.\nSo what\nSurprisingly enough, the move is coming without any company-specific news. But recall that this isn't the first time we've seen Clover skyrocket without a good business-related reason. In June, the stock jumped from about $9 to more than $28 over the course of three trading sessions as part of a \"meme stock\" craze that also saw fellow meme stocks AMC Entertainment(NYSE:AMC) and GameStop(NYSE:GME) move sharply higher.\nIMAGE SOURCE: GETTY IMAGES.\nWell, there's a good reason to believe that today's move is similar in nature. On the Wallstreetbets Reddit group, Clover was the most frequently mentioned stock on Tuesday. Several other meme stocks, including AMC, were higher as well.\nNow what\nAs mentioned, last time Clover started to rise without any news, the move lasted for about three days and resulted in the stock price more than tripling. So it's entirely possible that this move could be sustained for some time.\nHowever, it's also worth mentioning that once the steam ran out of the last rally, the stock fell back to Earth rather quickly. So this is definitely a situation in which investors should tread carefully. 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was $8 when i looked at it yesterday&nbsp;","listText":"Interesting..&nbsp; was $8 when i looked at it yesterday&nbsp;","text":"Interesting.. was $8 when i looked at it yesterday","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/880742426","repostId":1165955664,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":880798026,"gmtCreate":1631079061565,"gmtModify":1676530461666,"author":{"id":"3583916713249739","authorId":"3583916713249739","name":"lololol13","avatar":"https://community-static.tradeup.com/news/7f37b3b51c631ccbedbe01fdda7adf7d","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3583916713249739","authorIdStr":"3583916713249739"},"htmlText":"Pls like, thanks&nbsp;","listText":"Pls like, thanks&nbsp;","text":"Pls like, thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/880798026","repostId":1165955664,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":880442335,"gmtCreate":1631076186827,"gmtModify":1676530460956,"author":{"id":"3579516715925048","authorId":"3579516715925048","name":"lee1234","avatar":"https://static.tigerbbs.com/c1a0ecabeae2d32250fce1eb7e612d3d","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3579516715925048","authorIdStr":"3579516715925048"},"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/880442335","repostId":1165955664,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5789967,"gmtCreate":1631076451592,"gmtModify":1663233547645,"authorId":3583806200035507,"author":{"id":3583806200035507,"idStr":"3583806200035507","authorId":3583806200035507,"name":"HuiBing","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":880442335,"type":1,"supId":0,"prevId":0,"content":"<u>ok</u>","text":"<u>ok</u>","html":"<u>ok</u>"}],"langContent":"EN"},{"id":880427048,"gmtCreate":1631074627284,"gmtModify":1676530460426,"author":{"id":"3584427442291849","authorId":"3584427442291849","name":"WayneSing","avatar":"https://static.tigerbbs.com/9ba5be2ddf8347d41eed59a863adfe57","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3584427442291849","authorIdStr":"3584427442291849"},"htmlText":"ok","listText":"ok","text":"ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/880427048","repostId":1165955664,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":880467723,"gmtCreate":1631073684962,"gmtModify":1676530460201,"author":{"id":"3585354270249282","authorId":"3585354270249282","name":"MuppyKoh","avatar":"https://static.tigerbbs.com/280b63f52e5976fb134c31bfb22ec07d","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3585354270249282","authorIdStr":"3585354270249282"},"htmlText":"Please like","listText":"Please like","text":"Please like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/880467723","repostId":1165955664,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5790360,"gmtCreate":1631079054038,"gmtModify":1663233548534,"authorId":3583916713249739,"author":{"id":3583916713249739,"idStr":"3583916713249739","authorId":3583916713249739,"name":"lololol13","avatar":"https://community-static.tradeup.com/news/7f37b3b51c631ccbedbe01fdda7adf7d","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":880467723,"type":1,"supId":0,"prevId":0,"content":"<u>done</u>","text":"<u>done</u>","html":"<u>done</u>"}],"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":68,"commentSize":11,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; 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