Why Clover Health Shares Fell 39% in July
Shares of healthcare technology company Clover Health (NASDAQ: CLOV) lost 39.4% in July, according to numbers from S&P Global Market Intelligence. Insider selling, the loss of its CFO, and the waning attention of meme-stock traders all contributed to the performance.
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In the long term, traders moving on from the stock isn't a bad thing. The fall puts it essentially right back where it was at the beginning of June.
Source Fool.com
