Share:
MicroVision, Inc (NASDAQ: MVIS) shares fell over 21% in Thursday after-hours session after the company announced its first-quarter results for 2021.
What Happened: The solid-state automotive lidar and microdisplay technology company’s revenue for the first quarter was $0.5 million in Q1 2021, while in the same period last year it was $1.5 million.
Loss per share was reported at $0.04, which is the same number as in Q1 2020 and worse than the Street expectation of loss per share of $0.02.
“We expect that a version of this first-generation long-range lidar sensor, after internal and external validation, reliability and compliance testing, could be available for sale, in initial quantities, in the third or fourth quarter of 2021 as we previously reported,” said Sumit Sharma, CEO of MicroVision.
The healthcare technology company has a path to growth over the coming years.
This guide will help you buy Clover Health stock.
Clover Health Investments Corp (NASDAQ: CLOV) is a healthcare technology company that may benefit from heightened interest across multiple Reddit stock trading forums. Clover Health stock is down more than 30% since its public debut in early 2021 but has seen strong momentum over the past four weeks. On Thursday, Clover Health stock opened higher by around 7%, adding to Wednesday’s momentum on no company specific news.
Clover Health stock is one of the many companies backed by the “King of SPACs” Chamath Palihapitiya. Coupled with the attention of the Reddit community, many new potential investors are looking to buy Clover Health stock.
Clover Health Investments Corp. (NASDAQ:CLOV) shot up over 21% Wednesday on momentum before consolidating. The stock has been heavily shorted recently and plummeted over 63% from the all-time high of $17.46 it made on Jan. 4.
With earnings coming up May 17 before the market opens, options and technical traders think Clover Health’s stock is set for an even larger rebound.
On Wednesday a number of options traders bet over $592,065 Clover Health’s stock is going higher and the bullish volume that has recently entered the stock predicts the same.
The Clover Health Chart: Clover Health’s stock found a bottom on March 5 and has rebounded 66%. On Wednesday Clover Health busted through resistance at $9.94 and almost reached its next resistance level at $11.52 before pulling back.
Share:
Clover Health Investments Corp (NASDAQ: CLOV) has popped up on the list of top trending stocks on r/WallStreetBets, the Reddit forum that conducted a short squeeze in shares of
GameStop Corp (NYSE: GME) earlier in the year.
What Happened: Shares of the Chamath Palihapitiya-backed health technology company closed 20% higher at $8.82 on Friday and rose another 2.38% in the after-hours trading to $9.03.
At press time, around midnight Monday, Clover was trending on the Reddit forum, at the number four spot, just behind
Tesla Inc (NASDAQ: TSLA) in the list of WallStreetBets trending tickers as compiled by Swaggystocks.com.
Screenshot Of Clover-Centric Discussions On r/WallStreetBets
Clover Health Stock Options Traders Are Betting It s Going Higher benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.