Clover Health shares tumble in another wild day for meme stocks - Netscape Money & Business netscape.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from netscape.com Daily Mail and Mail on Sunday newspapers.
Wall Street opens mostly higher
Shortly after the opening bell, the Dow was down 0.03% while the S&P 500 climbed 0.19% and the Nasdaq rose 0.45%
9.52am: Proactive North America headlines:
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Braxia Scientific Corp (CSE:BRAX) (OTCMKTS:BRAXF) (FRA:496) team-led guidelines into clinical uses of ketamine and esketamine published in prestigious American Journal of Psychiatry
Clover Health reverses earlier gains as some meme stocks slip
06/09/2021 15:45
(Reuters) -Shares of Clover Health Investments Corp slid on Wednesday in seesaw trading, a day after the new retail trader favorite soared about 86%, the latest meme stock to join the frenzy that has captivated investors this year.
The Medicare-backed insurance seller s shares were recently down around 7% at $20.54 after climbing to nearly $29.
Clover Health has been among the most visible of new meme stocks popular with retail investors on forums such as Reddit s WallStreetBets. The new crop has shot higher in recent days following a resurgence in shares of video game retailer GameStop Corp and movie theater company AMC Entertainment Holdings.