Shares of Clover Health Investments Corp (CLOV)
are trading -18% lower at a price of $2.775 at the time of this writing. The share price has collapsed on mixed for the embattled health care company. While Citi raised CLOV's price target to $3.50, the company is undergoing a leadership shakeup and analysts remain mixed about the company's future - noting optimism in the incremental steps taken - but citing concerns about raising financing in the coming year.
Clover Health Investments Corp has been trading between a 52-week high of $11.13 and a 52-week low of $1.95. The stock has a market cap of $1.22 Billion.
Clover Health is a healthcare technology company with a deeply rooted mission of improving every life. Clover uses its proprietary technology platform to collect, structure, and analyze health and behavioral data to improve medical outcomes and lower costs for patients. As a company whose business goals fully align with its members' health needs, Clover works with members and their doctors to become a valued partner.As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:
turtleman11229 - 52 upvotes - source
I literally sold all my CLOV stock and brought all BBBY. 2k is all I got. That’s still something.
SomethinBoutSpinach - 36 upvotes - source
Yeah it's not like some of us aren't still holding CLOV... :( Round 2 babyyyyyyyyy
Novadreams22 - 21 upvotes - source
I was an ape that sharpened crayons with his asshole in Clov last summer. Idk if I’m ready to have my rectum bleed again.
damoclesthesword - 11 upvotes - source
Should I sell my Wish Smile and Clov for BBBY?
deuce-deuce-pap - 11 upvotes - source
Threw 500 into bbby 11.5c before close. Figured worst case It’s gone with a massive rug pull. Happy I did but wish I put more now lol Clov hurt me in the past so I’m aware of how this shit ends
lostindasauces - 10 upvotes - source
How is CLOV even still listed -16% today 🤡
silas_p_silas - 9 upvotes - source
GME, AMC, WISH, CLOV, TWO, and UWMC bagholders to the newly minted BBBagholders: “First time?”
lostindasauces - 6 upvotes - source
Clov now down 12% 🤡 When is our lawsuit against Scamath?
explicitspirit - 5 upvotes - source
CLOV was a great run, did me well, until I went in "one more time" and got burned. Still would have been a great play for a quick turnaround.
lostindasauces - 4 upvotes - source
Clov calls were not the move 💀