Clover Health Investments (NASDAQ: CLOV) is the hottest stock of the last week, surging in value thanks to Reddit community, WallStreetBets.
Because CLOV stock is surging in value, investors around the world have been wondering how they can seek exposure to the company. On this page, this is exactly what we explain.
Read on to find out what Clover Health is, what its future investment prospects are, and the best places to buy Clover Health shares.
Where to buy Clover Health stock online
If you want to invest in CLOV shares quickly and easily, the easiest way to do this is by signing up to a reliable stockbroker and buying shares.
However, not all brokers are equal, and some stand out from the pack by offering superior fee structures, a more user-friendly interface and better customers support. Our team of analysts believe the two options below are your best bet:
CedarFX is an eco-conscious broker offering 0% commission trading on 170+ assets, including Forex, Cryptocurrency Pairs, Stocks, Indices and Commodities. With up to 1:500 leverage, no-fee transactions and low spreads, traders can make the most of their funds. CedarFX also offers an Eco Account option to support tree planting and sustainability projects.
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What is Clover Health Investments?
Founded in 2014, it is a US health insurance provider that is headquartered in Tennessee. Using its software platform, CLOV intends to become a significant Medicare Advantage insurer, delivering health insurance to million of Americans.
Why is CLOV stock on the rise?
That is thanks to the Reddit forum, WallStreetBets. The community has taken an interest in CLOV, and they have spotted the opportunity to drive the company’s share price up.
However, it remains to be seen how much of this is down to the short squeeze thematic, and how much is because investors actually feel the company is undervalued.
Should I buy Clover Health stock?
If you don’t mind experiencing volatility and significant risk, Clover Health could generate significant and rapid returns. Just be conscious that your losses could be equally dramatic.
Right now, the fundamentals have gone out of the window, and social media fever has taken command. This makes it very difficult to know what is going to happen next, so if you would rather invest in something more predictable, choose a different stock until this is all over.
CLOV price prediction
We could formulate a CLOV price target that is based on objective metrics. However, we don’t feel this would be all that useful right now.
Instead, you should focus on technical indicators to see if you can get a read of market sentiment since that is the dominant driver of Clover Health’s stock price right now.