Bank of America is not going to play the meme stock game, downgrades Clover Health

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Bank of America is not going to play the meme stock game, downgrades Clover Health

cnbc2021-06-10

Investors should back away fromClover Healthafter Reddit traders helped to cause a shortage in the heavily shorted insurance stock, according to Bank of America. The stock closed at $16.92 per share ...

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Comment（16）

Endlesstory
·2021-06-12
Baf
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Bankai
·2021-06-11
Hodling CLOV! Buy more of it!
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benben1011
·2021-06-11
latest
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1
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- benben1011:
  ?
  2021-06-11
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Huatliao777
·2021-06-11
Why not?
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OMTTrading
·2021-06-10
I really hope reddit pumps CLOV to 30.
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Lain.
·2021-06-10
Meme stock is the future
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wmpek
·2021-06-10
Emm…
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Jie111
·2021-06-10
Hiii
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XiaoHong
·2021-06-10
CLOV ??
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SH060121
·2021-06-10
Ok then
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AT66
·2021-06-10
So……..[Weak] [Weak] [Weak]
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1
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- AT66:
  Ok
  2021-06-10
  Reply
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- AT66:
  ???
  2021-06-10
  Reply
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janelie
·2021-06-10
Oh noo
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2
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Mesonoxian
·2021-06-10
Too many meme stocks. Firepower too diluted
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- Tothestars:
  Ok okok ok
  2021-06-10
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- Oldie:
  Ok
  2021-06-10
  Reply
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- Tothestars:
  Ya lor
  2021-06-10
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JoelLee
·2021-06-10
Reply pls! Thx!
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- ASH21:
  ok
  2021-06-10
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Xav
·2021-06-10
Too bad
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- Tothestars:
  Agree!
  2021-06-10
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Philipthean8
·2021-06-10
Good
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The company, which went public through a SPAC in a deal aided by billionaire Chamath Palihapitiya, has become favorite of social media traders over the past week.\nBank of America analyst Kevin Fischbeck downgraded the stock to underperform from neutral, saying in a note to clients on Thursday that the fundamentals couldn’t support the stock price.\n“The company is now trading at a 70% premium toALHC... its closest comp, despite a similar growth profile and lower near term margin trajectory,” the note said. “Although we continue to believe that that the Clover Assistant provides value and helps reduce costs, and CLOV is likely to continue to grow faster than the [Medicare Advantage] market overall, the current growth trajectory does not support the valuation.”\nThis is not the first time the firm has backed away from the meme stocks. Last Friday, another Bank of America analystterminated coverage of GameStop and removed his rating for AMC.\nBank of America also cited recent guidance cuts for membership in its direct contracting business as a reason for skepticism.\n“To some degree, we think falling short on membership in a new government program is completely understandable given the number of moving pieces, but doing so the quarter after lowering the MA membership guide leaves us with low visibility into the outlook,” the note said.\nThe firm reiterated its price target of $10 per share for Clover, which is more than 40% below where the stock closed on Wednesday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":181738396,"gmtCreate":1623410854815,"gmtModify":1704202851954,"author":{"id":"3558673211102792","authorId":"3558673211102792","name":"Bankai","avatar":"https://static.tigerbbs.com/c7e0e10df42a0abec55080b7e549ec86","vip":1,"crmLevel":5,"crmLevelSwitch":0},"htmlText":"Hodling CLOV! Buy more of it!&nbsp;","listText":"Hodling CLOV! Buy more of it!&nbsp;","text":"Hodling CLOV! 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charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bank of America is not going to play the meme stock game, downgrades Clover Health</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBank of America is not going to play the meme stock game, downgrades Clover Health\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-10 19:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/10/clover-health-stock-downgrade-bank-of-america-reddit.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors should back away fromClover Healthafter Reddit traders helped to cause a shortage in the heavily shorted insurance stock, according to Bank of America.\nThe stock closed at $16.92 per share ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/10/clover-health-stock-downgrade-bank-of-america-reddit.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CLOV":"Clover Health Corp"},"source_url":"https://www.cnbc.com/2021/06/10/clover-health-stock-downgrade-bank-of-america-reddit.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1101982050","content_text":"Investors should back away fromClover Healthafter Reddit traders helped to cause a shortage in the heavily shorted insurance stock, according to Bank of America.\nThe stock closed at $16.92 per share on Wednesday, up more than 120% in June, and briefly traded above $28. The company, which went public through a SPAC in a deal aided by billionaire Chamath Palihapitiya, has become favorite of social media traders over the past week.\nBank of America analyst Kevin Fischbeck downgraded the stock to underperform from neutral, saying in a note to clients on Thursday that the fundamentals couldn’t support the stock price.\n“The company is now trading at a 70% premium toALHC... its closest comp, despite a similar growth profile and lower near term margin trajectory,” the note said. “Although we continue to believe that that the Clover Assistant provides value and helps reduce costs, and CLOV is likely to continue to grow faster than the [Medicare Advantage] market overall, the current growth trajectory does not support the valuation.”\nThis is not the first time the firm has backed away from the meme stocks. Last Friday, another Bank of America analystterminated coverage of GameStop and removed his rating for AMC.\nBank of America also cited recent guidance cuts for membership in its direct contracting business as a reason for skepticism.\n“To some degree, we think falling short on membership in a new government program is completely understandable given the number of moving pieces, but doing so the quarter after lowering the MA membership guide leaves us with low visibility into the outlook,” the note said.\nThe firm reiterated its price target of $10 per share for Clover, which is more than 40% below where the stock closed on Wednesday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":181922131,"gmtCreate":1623371268023,"gmtModify":1704201820795,"author":{"id":"3579817947812386","authorId":"3579817947812386","name":"benben1011","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"latest","listText":"latest","text":"latest","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/181922131","repostId":1101982050,"repostType":4,"repost":{"id":"1101982050","pubTimestamp":1623325769,"share":"https://www.laohu8.com/m/news/1101982050?lang=&edition=full","pubTime":"2021-06-10 19:49","market":"us","language":"en","title":"Bank of America is not going to play the meme stock game, downgrades Clover Health","url":"https://stock-news.laohu8.com/highlight/detail?id=1101982050","media":"cnbc","summary":"Investors should back away fromClover Healthafter Reddit traders helped to cause a shortage in the h","content":"<div>\n<p>Investors should back away fromClover Healthafter Reddit traders helped to cause a shortage in the heavily shorted insurance stock, according to Bank of America.\nThe stock closed at $16.92 per share ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/10/clover-health-stock-downgrade-bank-of-america-reddit.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bank of America is not going to play the meme stock game, downgrades Clover Health</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBank of America is not going to play the meme stock game, downgrades Clover Health\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-10 19:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/10/clover-health-stock-downgrade-bank-of-america-reddit.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors should back away fromClover Healthafter Reddit traders helped to cause a shortage in the heavily shorted insurance stock, according to Bank of America.\nThe stock closed at $16.92 per share ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/10/clover-health-stock-downgrade-bank-of-america-reddit.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CLOV":"Clover Health Corp"},"source_url":"https://www.cnbc.com/2021/06/10/clover-health-stock-downgrade-bank-of-america-reddit.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1101982050","content_text":"Investors should back away fromClover Healthafter Reddit traders helped to cause a shortage in the heavily shorted insurance stock, according to Bank of America.\nThe stock closed at $16.92 per share on Wednesday, up more than 120% in June, and briefly traded above $28. The company, which went public through a SPAC in a deal aided by billionaire Chamath Palihapitiya, has become favorite of social media traders over the past week.\nBank of America analyst Kevin Fischbeck downgraded the stock to underperform from neutral, saying in a note to clients on Thursday that the fundamentals couldn’t support the stock price.\n“The company is now trading at a 70% premium toALHC... its closest comp, despite a similar growth profile and lower near term margin trajectory,” the note said. “Although we continue to believe that that the Clover Assistant provides value and helps reduce costs, and CLOV is likely to continue to grow faster than the [Medicare Advantage] market overall, the current growth trajectory does not support the valuation.”\nThis is not the first time the firm has backed away from the meme stocks. Last Friday, another Bank of America analystterminated coverage of GameStop and removed his rating for AMC.\nBank of America also cited recent guidance cuts for membership in its direct contracting business as a reason for skepticism.\n“To some degree, we think falling short on membership in a new government program is completely understandable given the number of moving pieces, but doing so the quarter after lowering the MA membership guide leaves us with low visibility into the outlook,” the note said.\nThe firm reiterated its price target of $10 per share for Clover, which is more than 40% below where the stock closed on Wednesday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4675130,"gmtCreate":1623371286879,"gmtModify":1663228406041,"authorId":3579817947812386,"author":{"id":3579817947812386,"authorId":3579817947812386,"name":"benben1011","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":181922131,"type":1,"supId":0,"prevId":0,"content":"?","text":"?","html":"?"}],"langContent":"EN"},{"id":183771664,"gmtCreate":1623364583358,"gmtModify":1704201576719,"author":{"id":"3586423356695873","authorId":"3586423356695873","name":"Huatliao777","avatar":"https://static.tigerbbs.com/f3bd00af21c669dbd44aee60142f7346","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"Why not?","listText":"Why not?","text":"Why not?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/183771664","repostId":1101982050,"repostType":4,"repost":{"id":"1101982050","pubTimestamp":1623325769,"share":"https://www.laohu8.com/m/news/1101982050?lang=&edition=full","pubTime":"2021-06-10 19:49","market":"us","language":"en","title":"Bank of America is not going to play the meme stock game, downgrades Clover Health","url":"https://stock-news.laohu8.com/highlight/detail?id=1101982050","media":"cnbc","summary":"Investors should back away fromClover Healthafter Reddit traders helped to cause a shortage in the h","content":"<div>\n<p>Investors should back away fromClover Healthafter Reddit traders helped to cause a shortage in the heavily shorted insurance stock, according to Bank of America.\nThe stock closed at $16.92 per share ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/10/clover-health-stock-downgrade-bank-of-america-reddit.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bank of America is not going to play the meme stock game, downgrades Clover Health</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBank of America is not going to play the meme stock game, downgrades Clover Health\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-10 19:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/10/clover-health-stock-downgrade-bank-of-america-reddit.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors should back away fromClover Healthafter Reddit traders helped to cause a shortage in the heavily shorted insurance stock, according to Bank of America.\nThe stock closed at $16.92 per share ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/10/clover-health-stock-downgrade-bank-of-america-reddit.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CLOV":"Clover Health Corp"},"source_url":"https://www.cnbc.com/2021/06/10/clover-health-stock-downgrade-bank-of-america-reddit.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1101982050","content_text":"Investors should back away fromClover Healthafter Reddit traders helped to cause a shortage in the heavily shorted insurance stock, according to Bank of America.\nThe stock closed at $16.92 per share on Wednesday, up more than 120% in June, and briefly traded above $28. The company, which went public through a SPAC in a deal aided by billionaire Chamath Palihapitiya, has become favorite of social media traders over the past week.\nBank of America analyst Kevin Fischbeck downgraded the stock to underperform from neutral, saying in a note to clients on Thursday that the fundamentals couldn’t support the stock price.\n“The company is now trading at a 70% premium toALHC... its closest comp, despite a similar growth profile and lower near term margin trajectory,” the note said. “Although we continue to believe that that the Clover Assistant provides value and helps reduce costs, and CLOV is likely to continue to grow faster than the [Medicare Advantage] market overall, the current growth trajectory does not support the valuation.”\nThis is not the first time the firm has backed away from the meme stocks. Last Friday, another Bank of America analystterminated coverage of GameStop and removed his rating for AMC.\nBank of America also cited recent guidance cuts for membership in its direct contracting business as a reason for skepticism.\n“To some degree, we think falling short on membership in a new government program is completely understandable given the number of moving pieces, but doing so the quarter after lowering the MA membership guide leaves us with low visibility into the outlook,” the note said.\nThe firm reiterated its price target of $10 per share for Clover, which is more than 40% below where the stock closed on Wednesday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":183248111,"gmtCreate":1623333944233,"gmtModify":1704201164268,"author":{"id":"3585177463615228","authorId":"3585177463615228","name":"OMTTrading","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"I really hope reddit pumps CLOV to 30.","listText":"I really hope reddit pumps CLOV to 30.","text":"I really hope reddit pumps CLOV to 30.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/183248111","repostId":1101982050,"repostType":4,"repost":{"id":"1101982050","pubTimestamp":1623325769,"share":"https://www.laohu8.com/m/news/1101982050?lang=&edition=full","pubTime":"2021-06-10 19:49","market":"us","language":"en","title":"Bank of America is not going to play the meme stock game, downgrades Clover Health","url":"https://stock-news.laohu8.com/highlight/detail?id=1101982050","media":"cnbc","summary":"Investors should back away fromClover Healthafter Reddit traders helped to cause a shortage in the h","content":"<div>\n<p>Investors should back away fromClover Healthafter Reddit traders helped to cause a shortage in the heavily shorted insurance stock, according to Bank of America.\nThe stock closed at $16.92 per share ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/10/clover-health-stock-downgrade-bank-of-america-reddit.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bank of America is not going to play the meme stock game, downgrades Clover Health</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBank of America is not going to play the meme stock game, downgrades Clover Health\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-10 19:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/10/clover-health-stock-downgrade-bank-of-america-reddit.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors should back away fromClover Healthafter Reddit traders helped to cause a shortage in the heavily shorted insurance stock, according to Bank of America.\nThe stock closed at $16.92 per share ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/10/clover-health-stock-downgrade-bank-of-america-reddit.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CLOV":"Clover Health Corp"},"source_url":"https://www.cnbc.com/2021/06/10/clover-health-stock-downgrade-bank-of-america-reddit.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1101982050","content_text":"Investors should back away fromClover Healthafter Reddit traders helped to cause a shortage in the heavily shorted insurance stock, according to Bank of America.\nThe stock closed at $16.92 per share on Wednesday, up more than 120% in June, and briefly traded above $28. The company, which went public through a SPAC in a deal aided by billionaire Chamath Palihapitiya, has become favorite of social media traders over the past week.\nBank of America analyst Kevin Fischbeck downgraded the stock to underperform from neutral, saying in a note to clients on Thursday that the fundamentals couldn’t support the stock price.\n“The company is now trading at a 70% premium toALHC... its closest comp, despite a similar growth profile and lower near term margin trajectory,” the note said. “Although we continue to believe that that the Clover Assistant provides value and helps reduce costs, and CLOV is likely to continue to grow faster than the [Medicare Advantage] market overall, the current growth trajectory does not support the valuation.”\nThis is not the first time the firm has backed away from the meme stocks. Last Friday, another Bank of America analystterminated coverage of GameStop and removed his rating for AMC.\nBank of America also cited recent guidance cuts for membership in its direct contracting business as a reason for skepticism.\n“To some degree, we think falling short on membership in a new government program is completely understandable given the number of moving pieces, but doing so the quarter after lowering the MA membership guide leaves us with low visibility into the outlook,” the note said.\nThe firm reiterated its price target of $10 per share for Clover, which is more than 40% below where the stock closed on Wednesday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":183202963,"gmtCreate":1623331827252,"gmtModify":1704201057062,"author":{"id":"3585958368634426","authorId":"3585958368634426","name":"Lain.","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"Meme stock is the future&nbsp;","listText":"Meme stock is the future&nbsp;","text":"Meme stock is the future","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/183202963","repostId":1101982050,"repostType":2,"repost":{"id":"1101982050","pubTimestamp":1623325769,"share":"https://www.laohu8.com/m/news/1101982050?lang=&edition=full","pubTime":"2021-06-10 19:49","market":"us","language":"en","title":"Bank of America is not going to play the meme stock game, downgrades Clover Health","url":"https://stock-news.laohu8.com/highlight/detail?id=1101982050","media":"cnbc","summary":"Investors should back away fromClover Healthafter Reddit traders helped to cause a shortage in the h","content":"<div>\n<p>Investors should back away fromClover Healthafter Reddit traders helped to cause a shortage in the heavily shorted insurance stock, according to Bank of America.\nThe stock closed at $16.92 per share ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/10/clover-health-stock-downgrade-bank-of-america-reddit.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bank of America is not going to play the meme stock game, downgrades Clover Health</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBank of America is not going to play the meme stock game, downgrades Clover Health\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-10 19:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/10/clover-health-stock-downgrade-bank-of-america-reddit.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors should back away fromClover Healthafter Reddit traders helped to cause a shortage in the heavily shorted insurance stock, according to Bank of America.\nThe stock closed at $16.92 per share ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/10/clover-health-stock-downgrade-bank-of-america-reddit.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CLOV":"Clover Health Corp"},"source_url":"https://www.cnbc.com/2021/06/10/clover-health-stock-downgrade-bank-of-america-reddit.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1101982050","content_text":"Investors should back away fromClover Healthafter Reddit traders helped to cause a shortage in the heavily shorted insurance stock, according to Bank of America.\nThe stock closed at $16.92 per share on Wednesday, up more than 120% in June, and briefly traded above $28. The company, which went public through a SPAC in a deal aided by billionaire Chamath Palihapitiya, has become favorite of social media traders over the past week.\nBank of America analyst Kevin Fischbeck downgraded the stock to underperform from neutral, saying in a note to clients on Thursday that the fundamentals couldn’t support the stock price.\n“The company is now trading at a 70% premium toALHC... its closest comp, despite a similar growth profile and lower near term margin trajectory,” the note said. “Although we continue to believe that that the Clover Assistant provides value and helps reduce costs, and CLOV is likely to continue to grow faster than the [Medicare Advantage] market overall, the current growth trajectory does not support the valuation.”\nThis is not the first time the firm has backed away from the meme stocks. Last Friday, another Bank of America analystterminated coverage of GameStop and removed his rating for AMC.\nBank of America also cited recent guidance cuts for membership in its direct contracting business as a reason for skepticism.\n“To some degree, we think falling short on membership in a new government program is completely understandable given the number of moving pieces, but doing so the quarter after lowering the MA membership guide leaves us with low visibility into the outlook,” the note said.\nThe firm reiterated its price target of $10 per share for Clover, which is more than 40% below where the stock closed on Wednesday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":183622998,"gmtCreate":1623329710014,"gmtModify":1704201000297,"author":{"id":"3558300746906714","authorId":"3558300746906714","name":"wmpek","avatar":"https://community-static.tradeup.com/news/32a930aca5c68694794e2dbcaab493f5","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":4,"crmLevelSwitch":0},"htmlText":"Emm…","listText":"Emm…","text":"Emm…","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/183622998","repostId":1101982050,"repostType":4,"repost":{"id":"1101982050","pubTimestamp":1623325769,"share":"https://www.laohu8.com/m/news/1101982050?lang=&edition=full","pubTime":"2021-06-10 19:49","market":"us","language":"en","title":"Bank of America is not going to play the meme stock game, downgrades Clover Health","url":"https://stock-news.laohu8.com/highlight/detail?id=1101982050","media":"cnbc","summary":"Investors should back away fromClover Healthafter Reddit traders helped to cause a shortage in the h","content":"<div>\n<p>Investors should back away fromClover Healthafter Reddit traders helped to cause a shortage in the heavily shorted insurance stock, according to Bank of America.\nThe stock closed at $16.92 per share ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/10/clover-health-stock-downgrade-bank-of-america-reddit.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bank of America is not going to play the meme stock game, downgrades Clover Health</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBank of America is not going to play the meme stock game, downgrades Clover Health\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-10 19:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/10/clover-health-stock-downgrade-bank-of-america-reddit.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors should back away fromClover Healthafter Reddit traders helped to cause a shortage in the heavily shorted insurance stock, according to Bank of America.\nThe stock closed at $16.92 per share ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/10/clover-health-stock-downgrade-bank-of-america-reddit.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CLOV":"Clover Health Corp"},"source_url":"https://www.cnbc.com/2021/06/10/clover-health-stock-downgrade-bank-of-america-reddit.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1101982050","content_text":"Investors should back away fromClover Healthafter Reddit traders helped to cause a shortage in the heavily shorted insurance stock, according to Bank of America.\nThe stock closed at $16.92 per share on Wednesday, up more than 120% in June, and briefly traded above $28. The company, which went public through a SPAC in a deal aided by billionaire Chamath Palihapitiya, has become favorite of social media traders over the past week.\nBank of America analyst Kevin Fischbeck downgraded the stock to underperform from neutral, saying in a note to clients on Thursday that the fundamentals couldn’t support the stock price.\n“The company is now trading at a 70% premium toALHC... its closest comp, despite a similar growth profile and lower near term margin trajectory,” the note said. “Although we continue to believe that that the Clover Assistant provides value and helps reduce costs, and CLOV is likely to continue to grow faster than the [Medicare Advantage] market overall, the current growth trajectory does not support the valuation.”\nThis is not the first time the firm has backed away from the meme stocks. Last Friday, another Bank of America analystterminated coverage of GameStop and removed his rating for AMC.\nBank of America also cited recent guidance cuts for membership in its direct contracting business as a reason for skepticism.\n“To some degree, we think falling short on membership in a new government program is completely understandable given the number of moving pieces, but doing so the quarter after lowering the MA membership guide leaves us with low visibility into the outlook,” the note said.\nThe firm reiterated its price target of $10 per share for Clover, which is more than 40% below where the stock closed on Wednesday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":183626133,"gmtCreate":1623329695522,"gmtModify":1704200999327,"author":{"id":"3582177967058391","authorId":"3582177967058391","name":"Jie111","avatar":"https://static.tigerbbs.com/3d96b6a1d93c30b6f4c32a5b15b3847d","vip":1,"crmLevel":2,"crmLevelSwitch":1},"htmlText":"Hiii","listText":"Hiii","text":"Hiii","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/183626133","repostId":1101982050,"repostType":4,"repost":{"id":"1101982050","pubTimestamp":1623325769,"share":"https://www.laohu8.com/m/news/1101982050?lang=&edition=full","pubTime":"2021-06-10 19:49","market":"us","language":"en","title":"Bank of America is not going to play the meme stock game, downgrades Clover Health","url":"https://stock-news.laohu8.com/highlight/detail?id=1101982050","media":"cnbc","summary":"Investors should back away fromClover Healthafter Reddit traders helped to cause a shortage in the h","content":"<div>\n<p>Investors should back away fromClover Healthafter Reddit traders helped to cause a shortage in the heavily shorted insurance stock, according to Bank of America.\nThe stock closed at $16.92 per share ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/10/clover-health-stock-downgrade-bank-of-america-reddit.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bank of America is not going to play the meme stock game, downgrades Clover Health</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBank of America is not going to play the meme stock game, downgrades Clover Health\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-10 19:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/10/clover-health-stock-downgrade-bank-of-america-reddit.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors should back away fromClover Healthafter Reddit traders helped to cause a shortage in the heavily shorted insurance stock, according to Bank of America.\nThe stock closed at $16.92 per share ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/10/clover-health-stock-downgrade-bank-of-america-reddit.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CLOV":"Clover Health Corp"},"source_url":"https://www.cnbc.com/2021/06/10/clover-health-stock-downgrade-bank-of-america-reddit.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1101982050","content_text":"Investors should back away fromClover Healthafter Reddit traders helped to cause a shortage in the heavily shorted insurance stock, according to Bank of America.\nThe stock closed at $16.92 per share on Wednesday, up more than 120% in June, and briefly traded above $28. The company, which went public through a SPAC in a deal aided by billionaire Chamath Palihapitiya, has become favorite of social media traders over the past week.\nBank of America analyst Kevin Fischbeck downgraded the stock to underperform from neutral, saying in a note to clients on Thursday that the fundamentals couldn’t support the stock price.\n“The company is now trading at a 70% premium toALHC... its closest comp, despite a similar growth profile and lower near term margin trajectory,” the note said. “Although we continue to believe that that the Clover Assistant provides value and helps reduce costs, and CLOV is likely to continue to grow faster than the [Medicare Advantage] market overall, the current growth trajectory does not support the valuation.”\nThis is not the first time the firm has backed away from the meme stocks. Last Friday, another Bank of America analystterminated coverage of GameStop and removed his rating for AMC.\nBank of America also cited recent guidance cuts for membership in its direct contracting business as a reason for skepticism.\n“To some degree, we think falling short on membership in a new government program is completely understandable given the number of moving pieces, but doing so the quarter after lowering the MA membership guide leaves us with low visibility into the outlook,” the note said.\nThe firm reiterated its price target of $10 per share for Clover, which is more than 40% below where the stock closed on Wednesday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":183626031,"gmtCreate":1623329666223,"gmtModify":1704200999004,"author":{"id":"3575525855682166","authorId":"3575525855682166","name":"XiaoHong","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"CLOV ??","listText":"CLOV ??","text":"CLOV ??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/183626031","repostId":1101982050,"repostType":4,"repost":{"id":"1101982050","pubTimestamp":1623325769,"share":"https://www.laohu8.com/m/news/1101982050?lang=&edition=full","pubTime":"2021-06-10 19:49","market":"us","language":"en","title":"Bank of America is not going to play the meme stock game, downgrades Clover Health","url":"https://stock-news.laohu8.com/highlight/detail?id=1101982050","media":"cnbc","summary":"Investors should back away fromClover Healthafter Reddit traders helped to cause a shortage in the h","content":"<div>\n<p>Investors should back away fromClover Healthafter Reddit traders helped to cause a shortage in the heavily shorted insurance stock, according to Bank of America.\nThe stock closed at $16.92 per share ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/10/clover-health-stock-downgrade-bank-of-america-reddit.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bank of America is not going to play the meme stock game, downgrades Clover Health</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBank of America is not going to play the meme stock game, downgrades Clover Health\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-10 19:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/10/clover-health-stock-downgrade-bank-of-america-reddit.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors should back away fromClover Healthafter Reddit traders helped to cause a shortage in the heavily shorted insurance stock, according to Bank of America.\nThe stock closed at $16.92 per share ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/10/clover-health-stock-downgrade-bank-of-america-reddit.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CLOV":"Clover Health Corp"},"source_url":"https://www.cnbc.com/2021/06/10/clover-health-stock-downgrade-bank-of-america-reddit.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1101982050","content_text":"Investors should back away fromClover Healthafter Reddit traders helped to cause a shortage in the heavily shorted insurance stock, according to Bank of America.\nThe stock closed at $16.92 per share on Wednesday, up more than 120% in June, and briefly traded above $28. The company, which went public through a SPAC in a deal aided by billionaire Chamath Palihapitiya, has become favorite of social media traders over the past week.\nBank of America analyst Kevin Fischbeck downgraded the stock to underperform from neutral, saying in a note to clients on Thursday that the fundamentals couldn’t support the stock price.\n“The company is now trading at a 70% premium toALHC... its closest comp, despite a similar growth profile and lower near term margin trajectory,” the note said. “Although we continue to believe that that the Clover Assistant provides value and helps reduce costs, and CLOV is likely to continue to grow faster than the [Medicare Advantage] market overall, the current growth trajectory does not support the valuation.”\nThis is not the first time the firm has backed away from the meme stocks. Last Friday, another Bank of America analystterminated coverage of GameStop and removed his rating for AMC.\nBank of America also cited recent guidance cuts for membership in its direct contracting business as a reason for skepticism.\n“To some degree, we think falling short on membership in a new government program is completely understandable given the number of moving pieces, but doing so the quarter after lowering the MA membership guide leaves us with low visibility into the outlook,” the note said.\nThe firm reiterated its price target of $10 per share for Clover, which is more than 40% below where the stock closed on Wednesday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":183667117,"gmtCreate":1623329353839,"gmtModify":1704200990268,"author":{"id":"3585638900033733","authorId":"3585638900033733","name":"SH060121","avatar":"https://static.tigerbbs.com/f5a4cfb48b8a1770b2ef5ca7910f27ad","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Ok then","listText":"Ok then","text":"Ok then","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/183667117","repostId":1101982050,"repostType":4,"repost":{"id":"1101982050","pubTimestamp":1623325769,"share":"https://www.laohu8.com/m/news/1101982050?lang=&edition=full","pubTime":"2021-06-10 19:49","market":"us","language":"en","title":"Bank of America is not going to play the meme stock game, downgrades Clover Health","url":"https://stock-news.laohu8.com/highlight/detail?id=1101982050","media":"cnbc","summary":"Investors should back away fromClover Healthafter Reddit traders helped to cause a shortage in the h","content":"<div>\n<p>Investors should back away fromClover Healthafter Reddit traders helped to cause a shortage in the heavily shorted insurance stock, according to Bank of America.\nThe stock closed at $16.92 per share ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/10/clover-health-stock-downgrade-bank-of-america-reddit.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bank of America is not going to play the meme stock game, downgrades Clover Health</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBank of America is not going to play the meme stock game, downgrades Clover Health\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-10 19:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/10/clover-health-stock-downgrade-bank-of-america-reddit.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors should back away fromClover Healthafter Reddit traders helped to cause a shortage in the heavily shorted insurance stock, according to Bank of America.\nThe stock closed at $16.92 per share ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/10/clover-health-stock-downgrade-bank-of-america-reddit.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CLOV":"Clover Health Corp"},"source_url":"https://www.cnbc.com/2021/06/10/clover-health-stock-downgrade-bank-of-america-reddit.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1101982050","content_text":"Investors should back away fromClover Healthafter Reddit traders helped to cause a shortage in the heavily shorted insurance stock, according to Bank of America.\nThe stock closed at $16.92 per share on Wednesday, up more than 120% in June, and briefly traded above $28. The company, which went public through a SPAC in a deal aided by billionaire Chamath Palihapitiya, has become favorite of social media traders over the past week.\nBank of America analyst Kevin Fischbeck downgraded the stock to underperform from neutral, saying in a note to clients on Thursday that the fundamentals couldn’t support the stock price.\n“The company is now trading at a 70% premium toALHC... its closest comp, despite a similar growth profile and lower near term margin trajectory,” the note said. “Although we continue to believe that that the Clover Assistant provides value and helps reduce costs, and CLOV is likely to continue to grow faster than the [Medicare Advantage] market overall, the current growth trajectory does not support the valuation.”\nThis is not the first time the firm has backed away from the meme stocks. Last Friday, another Bank of America analystterminated coverage of GameStop and removed his rating for AMC.\nBank of America also cited recent guidance cuts for membership in its direct contracting business as a reason for skepticism.\n“To some degree, we think falling short on membership in a new government program is completely understandable given the number of moving pieces, but doing so the quarter after lowering the MA membership guide leaves us with low visibility into the outlook,” the note said.\nThe firm reiterated its price target of $10 per share for Clover, which is more than 40% below where the stock closed on Wednesday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":183669031,"gmtCreate":1623328864623,"gmtModify":1704200980177,"author":{"id":"3568531063457300","authorId":"3568531063457300","name":"AT66","avatar":"https://static.tigerbbs.com/91701cd0393b6bb4e80d3594fe9dbdb0","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"So……..[Weak]&nbsp;[Weak]&nbsp;[Weak]&nbsp;","listText":"So……..[Weak]&nbsp;[Weak]&nbsp;[Weak]&nbsp;","text":"So……..[Weak] [Weak] [Weak]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/183669031","repostId":1101982050,"repostType":4,"repost":{"id":"1101982050","pubTimestamp":1623325769,"share":"https://www.laohu8.com/m/news/1101982050?lang=&edition=full","pubTime":"2021-06-10 19:49","market":"us","language":"en","title":"Bank of America is not going to play the meme stock game, downgrades Clover Health","url":"https://stock-news.laohu8.com/highlight/detail?id=1101982050","media":"cnbc","summary":"Investors should back away fromClover Healthafter Reddit traders helped to cause a shortage in the h","content":"<div>\n<p>Investors should back away fromClover Healthafter Reddit traders helped to cause a shortage in the heavily shorted insurance stock, according to Bank of America.\nThe stock closed at $16.92 per share ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/10/clover-health-stock-downgrade-bank-of-america-reddit.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bank of America is not going to play the meme stock game, downgrades Clover Health</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBank of America is not going to play the meme stock game, downgrades Clover Health\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-10 19:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/10/clover-health-stock-downgrade-bank-of-america-reddit.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors should back away fromClover Healthafter Reddit traders helped to cause a shortage in the heavily shorted insurance stock, according to Bank of America.\nThe stock closed at $16.92 per share ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/10/clover-health-stock-downgrade-bank-of-america-reddit.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CLOV":"Clover Health Corp"},"source_url":"https://www.cnbc.com/2021/06/10/clover-health-stock-downgrade-bank-of-america-reddit.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1101982050","content_text":"Investors should back away fromClover Healthafter Reddit traders helped to cause a shortage in the heavily shorted insurance stock, according to Bank of America.\nThe stock closed at $16.92 per share on Wednesday, up more than 120% in June, and briefly traded above $28. The company, which went public through a SPAC in a deal aided by billionaire Chamath Palihapitiya, has become favorite of social media traders over the past week.\nBank of America analyst Kevin Fischbeck downgraded the stock to underperform from neutral, saying in a note to clients on Thursday that the fundamentals couldn’t support the stock price.\n“The company is now trading at a 70% premium toALHC... its closest comp, despite a similar growth profile and lower near term margin trajectory,” the note said. “Although we continue to believe that that the Clover Assistant provides value and helps reduce costs, and CLOV is likely to continue to grow faster than the [Medicare Advantage] market overall, the current growth trajectory does not support the valuation.”\nThis is not the first time the firm has backed away from the meme stocks. Last Friday, another Bank of America analystterminated coverage of GameStop and removed his rating for AMC.\nBank of America also cited recent guidance cuts for membership in its direct contracting business as a reason for skepticism.\n“To some degree, we think falling short on membership in a new government program is completely understandable given the number of moving pieces, but doing so the quarter after lowering the MA membership guide leaves us with low visibility into the outlook,” the note said.\nThe firm reiterated its price target of $10 per share for Clover, which is more than 40% below where the stock closed on Wednesday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4667191,"gmtCreate":1623329161002,"gmtModify":1663228369427,"authorId":3568531063457300,"author":{"id":3568531063457300,"authorId":3568531063457300,"name":"AT66","avatar":"https://static.tigerbbs.com/91701cd0393b6bb4e80d3594fe9dbdb0","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":183669031,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"},{"id":4667142,"gmtCreate":1623328887383,"gmtModify":1635329272209,"authorId":3568531063457300,"author":{"id":3568531063457300,"authorId":3568531063457300,"name":"AT66","avatar":"https://static.tigerbbs.com/91701cd0393b6bb4e80d3594fe9dbdb0","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":183669031,"type":1,"supId":0,"prevId":0,"content":"???","text":"???","html":"???"}],"langContent":"EN"},{"id":183613137,"gmtCreate":1623327927829,"gmtModify":1704200955189,"author":{"id":"3579574135370824","authorId":"3579574135370824","name":"janelie","avatar":"https://static.tigerbbs.com/f929201b4c664d977cd55eb2e9c16841","vip":1,"hat":"https://static.tigerbbs.com/0a8758340a08196056f8bc1e54805193","crmLevel":3,"crmLevelSwitch":0},"htmlText":"Oh noo","listText":"Oh noo","text":"Oh noo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/183613137","repostId":1101982050,"repostType":2,"repost":{"id":"1101982050","pubTimestamp":1623325769,"share":"https://www.laohu8.com/m/news/1101982050?lang=&edition=full","pubTime":"2021-06-10 19:49","market":"us","language":"en","title":"Bank of America is not going to play the meme stock game, downgrades Clover Health","url":"https://stock-news.laohu8.com/highlight/detail?id=1101982050","media":"cnbc","summary":"Investors should back away fromClover Healthafter Reddit traders helped to cause a shortage in the h","content":"<div>\n<p>Investors should back away fromClover Healthafter Reddit traders helped to cause a shortage in the heavily shorted insurance stock, according to Bank of America.\nThe stock closed at $16.92 per share ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/10/clover-health-stock-downgrade-bank-of-america-reddit.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bank of America is not going to play the meme stock game, downgrades Clover Health</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBank of America is not going to play the meme stock game, downgrades Clover Health\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-10 19:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/10/clover-health-stock-downgrade-bank-of-america-reddit.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors should back away fromClover Healthafter Reddit traders helped to cause a shortage in the heavily shorted insurance stock, according to Bank of America.\nThe stock closed at $16.92 per share ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/10/clover-health-stock-downgrade-bank-of-america-reddit.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CLOV":"Clover Health Corp"},"source_url":"https://www.cnbc.com/2021/06/10/clover-health-stock-downgrade-bank-of-america-reddit.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1101982050","content_text":"Investors should back away fromClover Healthafter Reddit traders helped to cause a shortage in the heavily shorted insurance stock, according to Bank of America.\nThe stock closed at $16.92 per share on Wednesday, up more than 120% in June, and briefly traded above $28. The company, which went public through a SPAC in a deal aided by billionaire Chamath Palihapitiya, has become favorite of social media traders over the past week.\nBank of America analyst Kevin Fischbeck downgraded the stock to underperform from neutral, saying in a note to clients on Thursday that the fundamentals couldn’t support the stock price.\n“The company is now trading at a 70% premium toALHC... its closest comp, despite a similar growth profile and lower near term margin trajectory,” the note said. “Although we continue to believe that that the Clover Assistant provides value and helps reduce costs, and CLOV is likely to continue to grow faster than the [Medicare Advantage] market overall, the current growth trajectory does not support the valuation.”\nThis is not the first time the firm has backed away from the meme stocks. Last Friday, another Bank of America analystterminated coverage of GameStop and removed his rating for AMC.\nBank of America also cited recent guidance cuts for membership in its direct contracting business as a reason for skepticism.\n“To some degree, we think falling short on membership in a new government program is completely understandable given the number of moving pieces, but doing so the quarter after lowering the MA membership guide leaves us with low visibility into the outlook,” the note said.\nThe firm reiterated its price target of $10 per share for Clover, which is more than 40% below where the stock closed on Wednesday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":183694412,"gmtCreate":1623326994436,"gmtModify":1704200935367,"author":{"id":"3583310311838153","authorId":"3583310311838153","name":"Mesonoxian","avatar":"https://static.tigerbbs.com/a875ff5bf35a67dd63139ccabe070485","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Too many meme stocks. Firepower too diluted","listText":"Too many meme stocks. Firepower too diluted","text":"Too many meme stocks. Firepower too diluted","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/183694412","repostId":1101982050,"repostType":4,"repost":{"id":"1101982050","pubTimestamp":1623325769,"share":"https://www.laohu8.com/m/news/1101982050?lang=&edition=full","pubTime":"2021-06-10 19:49","market":"us","language":"en","title":"Bank of America is not going to play the meme stock game, downgrades Clover Health","url":"https://stock-news.laohu8.com/highlight/detail?id=1101982050","media":"cnbc","summary":"Investors should back away fromClover Healthafter Reddit traders helped to cause a shortage in the h","content":"<div>\n<p>Investors should back away fromClover Healthafter Reddit traders helped to cause a shortage in the heavily shorted insurance stock, according to Bank of America.\nThe stock closed at $16.92 per share ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/10/clover-health-stock-downgrade-bank-of-america-reddit.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bank of America is not going to play the meme stock game, downgrades Clover Health</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBank of America is not going to play the meme stock game, downgrades Clover Health\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-10 19:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/10/clover-health-stock-downgrade-bank-of-america-reddit.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors should back away fromClover Healthafter Reddit traders helped to cause a shortage in the heavily shorted insurance stock, according to Bank of America.\nThe stock closed at $16.92 per share ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/10/clover-health-stock-downgrade-bank-of-america-reddit.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CLOV":"Clover Health Corp"},"source_url":"https://www.cnbc.com/2021/06/10/clover-health-stock-downgrade-bank-of-america-reddit.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1101982050","content_text":"Investors should back away fromClover Healthafter Reddit traders helped to cause a shortage in the heavily shorted insurance stock, according to Bank of America.\nThe stock closed at $16.92 per share on Wednesday, up more than 120% in June, and briefly traded above $28. The company, which went public through a SPAC in a deal aided by billionaire Chamath Palihapitiya, has become favorite of social media traders over the past week.\nBank of America analyst Kevin Fischbeck downgraded the stock to underperform from neutral, saying in a note to clients on Thursday that the fundamentals couldn’t support the stock price.\n“The company is now trading at a 70% premium toALHC... its closest comp, despite a similar growth profile and lower near term margin trajectory,” the note said. “Although we continue to believe that that the Clover Assistant provides value and helps reduce costs, and CLOV is likely to continue to grow faster than the [Medicare Advantage] market overall, the current growth trajectory does not support the valuation.”\nThis is not the first time the firm has backed away from the meme stocks. Last Friday, another Bank of America analystterminated coverage of GameStop and removed his rating for AMC.\nBank of America also cited recent guidance cuts for membership in its direct contracting business as a reason for skepticism.\n“To some degree, we think falling short on membership in a new government program is completely understandable given the number of moving pieces, but doing so the quarter after lowering the MA membership guide leaves us with low visibility into the outlook,” the note said.\nThe firm reiterated its price target of $10 per share for Clover, which is more than 40% below where the stock closed on Wednesday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4667106,"gmtCreate":1623328720843,"gmtModify":1663228370532,"authorId":3582064176289101,"author":{"id":3582064176289101,"authorId":3582064176289101,"name":"Tothestars","avatar":"https://static.tigerbbs.com/cd834243c50034fe5fa673b215e1bdb3","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":183694412,"type":1,"supId":0,"prevId":0,"content":"Ok okok ok","text":"Ok okok ok","html":"Ok okok ok"},{"id":4667084,"gmtCreate":1623328655792,"gmtModify":1663228367042,"authorId":3584415246670106,"author":{"id":3584415246670106,"authorId":3584415246670106,"name":"Oldie","avatar":"https://static.tigerbbs.com/09a7a0c9fe9b5b416d6f049746ddfa29","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":183694412,"type":1,"supId":4667008,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"},{"id":4667008,"gmtCreate":1623328330336,"gmtModify":1663228366850,"authorId":3582064176289101,"author":{"id":3582064176289101,"authorId":3582064176289101,"name":"Tothestars","avatar":"https://static.tigerbbs.com/cd834243c50034fe5fa673b215e1bdb3","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":183694412,"type":1,"supId":0,"prevId":0,"content":"Ya lor","text":"Ya lor","html":"Ya lor"}],"langContent":"EN"},{"id":183693096,"gmtCreate":1623326595615,"gmtModify":1704200925921,"author":{"id":"3579882572140125","authorId":"3579882572140125","name":"JoelLee","avatar":"https://static.tigerbbs.com/e1f6c92b13d94cba61906c07dbbb2ab6","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":1,"crmLevelSwitch":1},"htmlText":"Reply pls! Thx!","listText":"Reply pls! Thx!","text":"Reply pls! Thx!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/183693096","repostId":1101982050,"repostType":4,"repost":{"id":"1101982050","pubTimestamp":1623325769,"share":"https://www.laohu8.com/m/news/1101982050?lang=&edition=full","pubTime":"2021-06-10 19:49","market":"us","language":"en","title":"Bank of America is not going to play the meme stock game, downgrades Clover Health","url":"https://stock-news.laohu8.com/highlight/detail?id=1101982050","media":"cnbc","summary":"Investors should back away fromClover Healthafter Reddit traders helped to cause a shortage in the h","content":"<div>\n<p>Investors should back away fromClover Healthafter Reddit traders helped to cause a shortage in the heavily shorted insurance stock, according to Bank of America.\nThe stock closed at $16.92 per share ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/10/clover-health-stock-downgrade-bank-of-america-reddit.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bank of America is not going to play the meme stock game, downgrades Clover Health</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBank of America is not going to play the meme stock game, downgrades Clover Health\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-10 19:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/10/clover-health-stock-downgrade-bank-of-america-reddit.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors should back away fromClover Healthafter Reddit traders helped to cause a shortage in the heavily shorted insurance stock, according to Bank of America.\nThe stock closed at $16.92 per share ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/10/clover-health-stock-downgrade-bank-of-america-reddit.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CLOV":"Clover Health Corp"},"source_url":"https://www.cnbc.com/2021/06/10/clover-health-stock-downgrade-bank-of-america-reddit.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1101982050","content_text":"Investors should back away fromClover Healthafter Reddit traders helped to cause a shortage in the heavily shorted insurance stock, according to Bank of America.\nThe stock closed at $16.92 per share on Wednesday, up more than 120% in June, and briefly traded above $28. The company, which went public through a SPAC in a deal aided by billionaire Chamath Palihapitiya, has become favorite of social media traders over the past week.\nBank of America analyst Kevin Fischbeck downgraded the stock to underperform from neutral, saying in a note to clients on Thursday that the fundamentals couldn’t support the stock price.\n“The company is now trading at a 70% premium toALHC... its closest comp, despite a similar growth profile and lower near term margin trajectory,” the note said. “Although we continue to believe that that the Clover Assistant provides value and helps reduce costs, and CLOV is likely to continue to grow faster than the [Medicare Advantage] market overall, the current growth trajectory does not support the valuation.”\nThis is not the first time the firm has backed away from the meme stocks. Last Friday, another Bank of America analystterminated coverage of GameStop and removed his rating for AMC.\nBank of America also cited recent guidance cuts for membership in its direct contracting business as a reason for skepticism.\n“To some degree, we think falling short on membership in a new government program is completely understandable given the number of moving pieces, but doing so the quarter after lowering the MA membership guide leaves us with low visibility into the outlook,” the note said.\nThe firm reiterated its price target of $10 per share for Clover, which is more than 40% below where the stock closed on Wednesday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4666727,"gmtCreate":1623326918867,"gmtModify":1663228366669,"authorId":3577357058539261,"author":{"id":3577357058539261,"authorId":3577357058539261,"name":"ASH21","avatar":"https://static.tigerbbs.com/5cd8cba4c931b1a465e4bc427759178a","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-1","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Debut Tiger","description":"Join the tiger community for 500 days","bigImgUrl":"https://static.tigerbbs.com/0e4d0ca1da0456dc7894c946d44bf9ab","smallImgUrl":"https://static.tigerbbs.com/0f2f65e8ce4cfaae8db2bea9b127f58b","grayImgUrl":"https://static.tigerbbs.com/c5948a31b6edf154422335b265235809","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.07.20","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":183693096,"type":1,"supId":0,"prevId":0,"content":"<u>ok</u>","text":"<u>ok</u>","html":"<u>ok</u>"}],"langContent":"EN"},{"id":183690925,"gmtCreate":1623326416567,"gmtModify":1704200923168,"author":{"id":"3552300010636249","authorId":"3552300010636249","name":"Xav","avatar":"https://static.tigerbbs.com/0a3685fb5cad038c0cc06fad33863aeb","vip":1,"crmLevel":5,"crmLevelSwitch":1},"htmlText":"Too bad","listText":"Too bad","text":"Too bad","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/183690925","repostId":1101982050,"repostType":4,"repost":{"id":"1101982050","pubTimestamp":1623325769,"share":"https://www.laohu8.com/m/news/1101982050?lang=&edition=full","pubTime":"2021-06-10 19:49","market":"us","language":"en","title":"Bank of America is not going to play the meme stock game, downgrades Clover Health","url":"https://stock-news.laohu8.com/highlight/detail?id=1101982050","media":"cnbc","summary":"Investors should back away fromClover Healthafter Reddit traders helped to cause a shortage in the h","content":"<div>\n<p>Investors should back away fromClover Healthafter Reddit traders helped to cause a shortage in the heavily shorted insurance stock, according to Bank of America.\nThe stock closed at $16.92 per share ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/10/clover-health-stock-downgrade-bank-of-america-reddit.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bank of America is not going to play the meme stock game, downgrades Clover Health</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBank of America is not going to play the meme stock game, downgrades Clover Health\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-10 19:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/10/clover-health-stock-downgrade-bank-of-america-reddit.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors should back away fromClover Healthafter Reddit traders helped to cause a shortage in the heavily shorted insurance stock, according to Bank of America.\nThe stock closed at $16.92 per share ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/10/clover-health-stock-downgrade-bank-of-america-reddit.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CLOV":"Clover Health Corp"},"source_url":"https://www.cnbc.com/2021/06/10/clover-health-stock-downgrade-bank-of-america-reddit.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1101982050","content_text":"Investors should back away fromClover Healthafter Reddit traders helped to cause a shortage in the heavily shorted insurance stock, according to Bank of America.\nThe stock closed at $16.92 per share on Wednesday, up more than 120% in June, and briefly traded above $28. The company, which went public through a SPAC in a deal aided by billionaire Chamath Palihapitiya, has become favorite of social media traders over the past week.\nBank of America analyst Kevin Fischbeck downgraded the stock to underperform from neutral, saying in a note to clients on Thursday that the fundamentals couldn’t support the stock price.\n“The company is now trading at a 70% premium toALHC... its closest comp, despite a similar growth profile and lower near term margin trajectory,” the note said. “Although we continue to believe that that the Clover Assistant provides value and helps reduce costs, and CLOV is likely to continue to grow faster than the [Medicare Advantage] market overall, the current growth trajectory does not support the valuation.”\nThis is not the first time the firm has backed away from the meme stocks. Last Friday, another Bank of America analystterminated coverage of GameStop and removed his rating for AMC.\nBank of America also cited recent guidance cuts for membership in its direct contracting business as a reason for skepticism.\n“To some degree, we think falling short on membership in a new government program is completely understandable given the number of moving pieces, but doing so the quarter after lowering the MA membership guide leaves us with low visibility into the outlook,” the note said.\nThe firm reiterated its price target of $10 per share for Clover, which is more than 40% below where the stock closed on Wednesday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4667006,"gmtCreate":1623328321780,"gmtModify":1663228367126,"authorId":3582064176289101,"author":{"id":3582064176289101,"authorId":3582064176289101,"name":"Tothestars","avatar":"https://static.tigerbbs.com/cd834243c50034fe5fa673b215e1bdb3","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":183690925,"type":1,"supId":0,"prevId":0,"content":"Agree! ","text":"Agree! ","html":"Agree! "}],"langContent":"EN"},{"id":183608183,"gmtCreate":1623326021342,"gmtModify":1704200915545,"author":{"id":"3562228753214209","authorId":"3562228753214209","name":"Philipthean8","avatar":"https://static.tigerbbs.com/a64d44f91f21979956dc4a5f98710d97","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/183608183","repostId":1101982050,"repostType":4,"repost":{"id":"1101982050","pubTimestamp":1623325769,"share":"https://www.laohu8.com/m/news/1101982050?lang=&edition=full","pubTime":"2021-06-10 19:49","market":"us","language":"en","title":"Bank of America is not going to play the meme stock game, downgrades Clover Health","url":"https://stock-news.laohu8.com/highlight/detail?id=1101982050","media":"cnbc","summary":"Investors should back away fromClover Healthafter Reddit traders helped to cause a shortage in the h","content":"<div>\n<p>Investors should back away fromClover Healthafter Reddit traders helped to cause a shortage in the heavily shorted insurance stock, according to Bank of America.\nThe stock closed at $16.92 per share ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/10/clover-health-stock-downgrade-bank-of-america-reddit.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBank of America is not going to play the meme stock game, downgrades Clover Health\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-10 19:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/10/clover-health-stock-downgrade-bank-of-america-reddit.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors should back away fromClover Healthafter Reddit traders helped to cause a shortage in the heavily shorted insurance stock, according to Bank of America.\nThe stock closed at $16.92 per share ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/10/clover-health-stock-downgrade-bank-of-america-reddit.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CLOV":"Clover Health Corp"},"source_url":"https://www.cnbc.com/2021/06/10/clover-health-stock-downgrade-bank-of-america-reddit.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1101982050","content_text":"Investors should back away fromClover Healthafter Reddit traders helped to cause a shortage in the heavily shorted insurance stock, according to Bank of America.\nThe stock closed at $16.92 per share on Wednesday, up more than 120% in June, and briefly traded above $28. The company, which went public through a SPAC in a deal aided by billionaire Chamath Palihapitiya, has become favorite of social media traders over the past week.\nBank of America analyst Kevin Fischbeck downgraded the stock to underperform from neutral, saying in a note to clients on Thursday that the fundamentals couldn’t support the stock price.\n“The company is now trading at a 70% premium toALHC... its closest comp, despite a similar growth profile and lower near term margin trajectory,” the note said. “Although we continue to believe that that the Clover Assistant provides value and helps reduce costs, and CLOV is likely to continue to grow faster than the [Medicare Advantage] market overall, the current growth trajectory does not support the valuation.”\nThis is not the first time the firm has backed away from the meme stocks. Last Friday, another Bank of America analystterminated coverage of GameStop and removed his rating for AMC.\nBank of America also cited recent guidance cuts for membership in its direct contracting business as a reason for skepticism.\n“To some degree, we think falling short on membership in a new government program is completely understandable given the number of moving pieces, but doing so the quarter after lowering the MA membership guide leaves us with low visibility into the outlook,” the note said.\nThe firm reiterated its price target of $10 per share for Clover, which is more than 40% below where the stock closed on Wednesday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":28,"commentSize":16,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}