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Biotech / Medical : 2021 Biotech Stock Picking Charity Contest -- Ignore unavailable to you. Want to Upgrade?

To: technetium who wrote (172)

6/14/2021 5:43:07 PM

From: technetium

Respond to of 307

“Meme” is the new, frenetic version of “momo”: CLOV

52 Week_Range

6.31 - 28.85

Today’s close: 14.66

I don’t think anyone picked CLOV for their portfolio.

finance.yahoo.com

“ Despite the high volatility, it's been a positive week for investors in Clover Health Investments ( CLOV), but it's ending in a downgrade to Sell from Bank of America.
From Monday's opening price through Wednesday's intraday high of $28.85, Clover stock appeared to be on track to triple in share price by week-end. But enthusiasm for the meme stock peaked early in the morning hours of Wednesday, and fell steeply all day long. Then, in a real "kick 'em when they're down" moment, Bank of America stepped in Thursday morning to downgrade the stock from "neutral" to "underperform" (i.e. sell), assigning a $10 price target. This figure suggests shares will decline ~34% over the next 12 months.”