Clover Health Stock Is Surging After The Close: What's Going On?
Portfolio Pulse from Adam Eckert
Clover Health Investments Corp (NASDAQ:CLOV) shares surged in after-hours trading following insider buying by co-founder Vivek Garipalli, who purchased 877,567 shares at an average price of $1.14 per share. The stock was up 9.71% at $1.13 in after-hours trading.
June 20, 2024 | 8:37 pm
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Clover Health shares surged in after-hours trading following significant insider buying by co-founder Vivek Garipalli, who purchased 877,567 shares at an average price of $1.14 per share.
Insider buying is often seen as a positive signal by investors, indicating confidence in the company's future prospects. The significant purchase by the co-founder is likely to boost investor sentiment and drive the stock price higher in the short term.
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IMPORTANCE 80
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