Why Clover Health Tumbled Another 25% in December
Health insurer Clover Health Investments (NASDAQ: CLOV) has been under the weather for much longer than December, trailing steadily lower from the peak it hit in June when it rode the wave of a renewed meme stock trading frenzy.
But last month was a particularly tough month as investors saw their shares of Clover lose another 25% of their value, according to data provided by S&P Global Market Intelligence, and there's nothing to indicate January won't be more of the same. At least investors can console themselves that its performance wasn't as bad as it had been in November, when it lost over a third of its value.
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Source Fool.com
