Home Equities Score Clover Health Investments, Corp. (CLOV) Stock Soars Thanks to Meme Stock Status...

Clover Health Investments, Corp. (CLOV) Stock Soars Thanks to Meme Stock Status and Reddit Investors

Clover Health Investments, Corp. (CLOV) stock prices soared by a significant 32.44% as of the market closing on June 7th, 2021, bringing the price per share up to USD$11.92 at the end of the trading day. After-hours trading saw the stock climb by another 8.22%, bringing it up to USD$12.90.

Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now. 

Recent Woes

This comes in spite of recent allegations against the company’s leadership that they may be hiding government investigations from the public. January 7th, 2021 saw the closing of the company’s merger with SCH III, with CLOV continuing as the legal successor. February 4th, 2021 saw the company being targeted by a scathing report from the independent Hindenburg Research firm, resulting in the stock price plummeting. CLOV went on to announce it was under investigation by the SEC, causing the stock to further crash around the middle of May 2021.

5 Stocks Under $10 That Are Poised to Take Off

Investing in stocks under $10 could significantly increase the returns on your portfolio, especially if you pick the right stocks! Within this report you will find 5 top stocks that offer investors huge upside potential and the best bang for their buck.

Add them to your watchlist before they take off!

Get the Top 5 Stocks Now!

Sponsored

Read More

Pandemic Resurgence

The stock rose by more than 30% on June 7th, 2021, owing largely to the meme-stock phenomenon, of which the popular social media site Reddit is a major driving force. Despite experienced financial experts warning against the risk of investing in stocks that lack a fundamental basis for being invested in. Nevertheless, several meme stocks have been kept afloat by the horde of retail investors who are a part of the Reddit movement.

Prolonged Suffering

With the global economy having been in shambles for more than a year, many were hoping that government stimulus cheques, universal immunization, and the lifting of Covid-19 restrictions would drive the resuscitation of the economy. Instead, economies have continued to suffer, with employment being devastatingly affected, with consumers who have spending power being afraid to spend because of incoming inflation.

Interest Rates

To facilitate the return of many Americans to the national workforce, the Federal Reserve has indicated its willingness to entertain inflation rates higher than its 2% target as it tries to use an easy money policy. Lower interest rates in conjunction with the pandemic resulting in certain segments of an otherwise failing economy becoming unprecedently promising have resulted in increased involvement in riskier trading, of which meme stocks are a part.

Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now. 

Future Outlook for CLOV

Armed with the influx of capital generated from the soaring of its stock price, CLOV is no doubt grateful for the meme stock phenomenon during the course of the pandemic. The company is hopeful its legal matters will be resolved satisfactorily, and it can use this fortuitous boost to propel itself to unprecedented heights. Current and potential investors are hopeful that management will continue to leverage the resources at their disposal to facilitate significant and sustained increases in shareholder value.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Must Read

Aprea Therapeutics Inc. (APRE) stock soars during current market trading. What’s the update?

Aprea Therapeutics Inc. (NASDAQ: APRE) stock gained by 41.03% at the last check in the current market trading. Aprea Therapeutics is a pharmaceutical business...

Roblox Corp. (NASDAQ: RBLX) stock falls during pre-market trading session. What’s happening?

Roblox Corp. (NASDAQ: RBLX) stock gained by 2.28% at last close while the RBLX stock price declines by 8.13% in the pre-market trading session....

Can-Fite BioPharma Inc. (CANF) stock soars during current market. Why so?

Can-Fite BioPharma Inc. (NASDAQ: CANF) stock gained by 4.42% in the current market trading session. Can-Fite BioPharma Ltd. is a medication research company in...

UXIN stock surges during current market. Here’s to know why?

Uxin Ltd. (NASDAQ: UXIN) stock gains by 14.67% at last check during current market trading. In China, Uxin Limited is a prominent online used...

Opgen Inc. (OPGN) stock surged during pre-market session. What’s driving it high?

Opgen Inc. (NASDAQ: OPGN) stock declined by 1.84% at the last close whereas the OPGN stock price gains by 22.07% in the pre-market trading...

Aprea Therapeutics Inc. (APRE) stock soars during current market trading. What’s the update?

Aprea Therapeutics Inc. (NASDAQ: APRE) stock gained by 41.03% at the last check in the current market trading. Aprea Therapeutics is a pharmaceutical business...

TAL Education Group (TAL) stock is tumbling today: What’s Going on?

Shares of the TAL Education Group (TAL) stock were tumbling in the current market trading session today on June 16, 2021, without any obvious...

SPI Energy Inc. (SPI) stock surged in the current market trading. Here’s the update

SPI Energy Inc. (NASDAQ: SPI) stock soars by 15.42% during the current market trading session. SPI Energy is an international renewable energy company that...

Related News

Ocugen Inc. (OCGN) stock surged during pre-market trading session. Here’s what you should know?

Ocugen Inc. (NASDAQ: OCGN) stock gained by 2.12% at last close while the OCGN stock price soars during pre-market trading by 4.95%. Ocugen, Inc....

Avenue Therapeutics Inc. (ATXI) stock plunged during pre-market trading. What’s behind this?

Avenue Therapeutics Inc. (NASDAQ: ATXI) stock declined by 28.27% at last close while the ATXI stock price falls during pre-market as well, by 8.94%....

Unique Fabricating Inc. (UFAB) stock gains during pre-market trading. Let’s figure out why?

Unique Fabricating Inc. (NASDAQ: UFAB) stock declined by 1.21% at the last close while the UFAB stock price tends to rise by 40.67% in...

Torchlight Energy Resources Inc. (TRCH) stock soars during after-hour session. Let’s see why?

Torchlight Energy Resources Inc. (NASDAQ: TRCH) stock gained by 14.74% at last close while the TRCH stock price further rose by 16.48% in the...

Orphazyme A/S (ORPH) stock is Popping High in Pre-Market today: Here’s to know Why?

Shares of Orphazyme A/S (ORPH) stock were popping high in the pre-market today on June 14, 2021, after dropping with more than half of...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

We do not sell or share your information with anyone.

Get Notified Of Insider Trades, Analyst Upgrades & Downgrades, Earnings Updates & Best Stocks To Trade Every Single Morning

100% free. stop anytime no spam