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


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…


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