There were certain stocks that caught the attention of investors last week and managed to end the week with notable gains.
One such stock was that of Clover Health Investments (NASDAQ: CLOV), which garnered considerable attention from investors and ended the week with gains of 10%. The rally in the stock came about after a key announcement from the Centre for Medicare and Medicaid Innovation (CMS) on Thursday.
As per the announcement from CMS, Clover Health is one of the companies that are going to participate in an initiative that seeks to promote value-based care and risk-sharing. A total of 53 companies were included in the initiative. The company is going to participate in the initiative named Global and Professional Direct Contracting (GPDC) and it is going to go for a year. The whole thing started back on April 1, 2021, and marks a significant step for the company. Investors could keep an eye on the Clovis Health stock today.
Finance and Entertainment Reporter
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