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SmarterAnalyst
Why is Clover Health Stock Falling?
Since June 1, Clover Health Investments Corp. (CLOV), a Medicare Advantage insurer, saw its share price increase around 186% to $22.15 on June 8. Since then, the stock has spiraled down 34% to close at $14.66 on June 14. So, what is driving this huge volatility in Clover? Beginning June, Clover caught the eyes of the Reddit stocks investors list, causing the stock to swing to unusual highs. Clover’s business thrives on the number of members registered. In Q1, the company’s Medicare Advantage mem
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