Clover Health Investments Corp. (NASDAQ: CLOV) is up 68% this month, and it remains a primary focus for Reddit investors given the large short positions held against it.
This article covers everything you need to know before you invest in Clover Health Investments Corp. From what the company is to what its investment prospects are, find out the key things you need to know right here.
To start things off, scroll down to see our list of the two best places to buy CLOV stock in the UK and elsewhere.
Where to buy Clover Health stock online
The best platforms to buy, sell and trade shares in Clover Health are reliable online stockbrokers. These are low-fee platforms that allow users to create and control a de-risked investment portfolio. Here are our two top picks:
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What is Clover Health Investments?
It is a health insurance provider based in Tennessee, United States. Founded in 2014, it aims to use its software platform to become one of the leading Medicare Advantage insurers in all of North America.
Institutional investors have repeatedly expressed doubts concerning the company’s profitability, leading them to take up large short positions in CLOV stock.
Since Reddit investors realised this, the stock has been in a bullish trend as retail investors attempt to drive its value up in the hope of initiating a short squeeze, as already seen with other ‘meme stocks’ like GameStop and AMC Entertainment.
Should I buy CLOV stock today?
If you are looking for a high-risk investment opportunity with the potential for dramatic, unpredictable growth, there are few better meme stocks than CLOV. Just make sure you do your own research first.
CLOV price target
Clover Health is already trading around $3 above our top 12-month price target of $10, so it is currently disconnected from its fundamental value.
While some investors find this worrying, we feel it is as clear an indication as any that Reddit investors have this stock firmly in their grasp. More growth really could be on the cards.