Meme Stocks Rebounded in Morning Trading; Yellow Soared Nearly 15% While fuboTV and Clover Health Jumped Over 5%

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Meme Stocks Rebounded in Morning Trading; Yellow Soared Nearly 15% While fuboTV and Clover Health Jumped Over 5%

Tiger Newspress2023-08-10

Meme stocks rebounded in morning trading; Yellow Corporation soared nearly 15% while fuboTV Inc. and Clover Health Corp jumped over 5%.

Yellow Corporation swung to a loss in the second quarter on declining revenue, an expected result following the company's recent workforce reductions and its move this month to file for bankruptcy. Stocks tumbled 44.81% yesterday.

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