Clover Health rides Reddit-fueled ‘meme stock’ wave amid record-high trading volume

Shares of Clover Health Investments, Corp. () breached their previous 52-week high of $24.93 in pre-market Wednesday morning. This added to a total increase in the stock’s value of over 110% in the past week amid a to short the stock. Following market open, its price fell just below Tuesday’s close $22.15.

Founded in 2014 and headquartered in Tennessee, Clover Health is a Medicare-backed insurance seller with 458 full-time employees and provides preferred provider organization and health…


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