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.
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.
AMC, BlackBerry shares slip as meme stock rally fizzles out - 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.
Meme stock rally flat-lines; AMC set to end week up more than 90%
06/04/2021 15:15
(Reuters) -Shares of AMC Entertainment shuffled between gains and losses on Friday morning after a blistering rally that left the company’s stock up around 90% for the week.
The movie theater chain’s shares were recently up around 1.5% at $52.80 after both rallying and swinging into the red earlier in the session.
AMC has been at the center of a second wave of buying by retail investors who have hyped the stock in forums such as Reddit s WallStreetBets, reinvigorating the meme stock phenomenon that sent shares of video game retailer GameStop up 1,600% in January.
Shares of AMC Entertainment edged lower on Friday, closing out a wild week with a gain of just over 83% as the action reinvigorated the meme stock craze and…