Clover Health Insurance Stock. , a medicare advantage insurer, saw its share price increase around 186% to $22.15 on june 8. 1, 2021 at 7:40 a.m.
22 2021, updated 1:09 p.m. A short squeeze could be at play for clover health, which has 43.5% of its float shares sold short, according to data from s3 partners.
2pcs Waterproof Temporary Glitter Tattoo Flash Stickers
At the close of trading clover health, an insurtech startup that went public last year through a spac merger closed up 85%. At the time, i said that even though i personally wouldn’t buy clov stock, i thought the risk.
Clover Health Insurance Stock
Clover health is an insurance company, but they’re trying a whole different model, they’re trying artificial intelligence to help doctors with their diagnosing.Clover health is expected to post revenues of $880 million in 2021 and $1.72 billion in 2023.Clover health is reinventing the health insurance model by integrating technology into every aspect of its members’ healthcare.Clover health shares, which closed up 85.8% at $22.15 after earlier hitting a record high of $24.93, had the highest trading volume on u.s.
Clover health went public jan.Clover health’s stock has taken a huge battering after hindenburg research’s allegations.Founded in 2013, it provides private health insurance and medicare plans.Further, clover’s reimbursement rates are also higher compared to other insurance providers.
Headquartered in nashville, tn, clover works with software.I am confident the company will continue on this growth path in 2021 and beyond.I have a buy rating on clov stock.In q1 2021, clover grew its revenue by 21% year over year to $200.3 million as its membership count increased by 18% over the same period to 66,300.
More staggering was the trading.On february 4, hindenburg claimed that clover.On monday, clover health (nasdaq:Shares are being bought and sold for over $18 currently after only being valued at $7.64 at the end of may.
Shares were up as high as 83% today, before falling 30% just one hour later, after the stock emerged as the latest target for traders following r/wallstreetbets.Simultaneously, its net loss increased from $28.Since june 1, clover health investments corp.Since then, the stock has spiraled down 34% to.
Some reddit users are speculating that clover health could be a candidate for a short squeeze, which is characterized by a high level of investors betting on the stock to fall.That compares with about 18% short interest in amc.The last time i wrote about clover health was in early may before it reported its q1 2021 results.The reddit investors who built amc theaters, bed bath and beyond, blackberry and a few other stocks found insurtech today.
Today, on june 8, the stock worlds of insurtech and reddit memes collided.What a difference a day makes!While clov may have a good future ahead of it, molina healthcare (moh), unitedhealth group (unh), and cigna corporation (ci) are better buys right now.