CLOV Stock: Clover Health Investments Sees Further Buying Pressure

The Clover Health Investments Corp (NASDAQ: CLOV) stock has carried on from it left off on Wednesday. After having clocked gains of 10% yesterday, the stock has already jumped by 7% today.

CLOV Stock: Clover Health Investments Sees Further Buying Pressure

This morning the company announced that it is going to announce its financial results for the first of 2021 on May 17, 2021. It should also be noted that the premium revenues have jumped by 46% year on year in the quarter to go along with a 36% growth in the user base.

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Investors are going to be particularly interested in the first-quarter result in order to see the effects the SPAC (special purpose acquisition company) merger might have had on Clover Health’s trajectory as a business. The stock had rallied yesterday due to a short squeeze in the CLOV stock. It seems that the stock might have come into focus among retail investors on Reddit and other platforms.

Uson Abdilazhanov

Editor and Computer Expert A hardcore tech enthusiast and computer expert Uson Abdilazhanov who holds a degree in communications started writing in his personal blogs since 2012. That time he was interested in the technical part of the computer. But now the software aspect plays an important role in his career. Currently, he runs a PC building and repairing shop which helps a lot of designers and gamers who always like to try new things.