Finance

Clover Health jumps 45% as the Reddit trading mania spreads to more stocks

0


Passionate day traders glued to their Reddit message boards have found some new targets — Clover Health and Wendy’s — pushing shares up double digits on Tuesday.

Shares of Clover Health, a Medicare insurance start-up that went public via Chamath Palihapitiya’s SPAC, jumped 45% on Tuesday after surging 32% in the previous session. Wendy’s stock climbed more than 15% on no apparent news about the fast food company.

Chatter about the duo grew on Reddit’s WallStreetBets forum, which now has more than 10 million participants. The infamous chatroom has been all over AMC Entertainment in the past week as traders piled into shares and call options of the movie theater chain and drove the stock…



Source cnbc.com

Ford’s new Maverick hybrid pickup starts at $19,995 and gets 40 mpg

Previous article

Relativity Space raises $650 million for 3D-printed SpaceX competitor

Next article

You may also like

Leave a Reply

avatar
  Subscribe  
Notify of

More in Finance