Clover Health Investments Corp’s filing revealed that its Director Loengard Anna U acquired Company’s shares for reported $0.1 million on Mar 14 ’24. In the deal valued at $0.73 per share,137,000 shares were bought. As a result of this transaction, Loengard Anna U now holds 538,841 shares worth roughly $0.39 million.
Then, Loengard Anna U bought 13,625 shares, generating $9,946 in total proceeds. Upon buying the shares at $0.73, the Director now owns 15,125 shares.
Before that, Loengard Anna U bought 11,000 shares. Clover Health Investments Corp shares valued at $14,300 were divested by the Director at a price of $1.30 per share. As a result of the transaction, Loengard Anna U now holds 10,000 shares, worth roughly $7300.0.
Cowen upgraded its Clover Health Investments Corp [CLOV] rating to a Market perform from a an Underperform in a research note published on February 02, 2022; the price target was decreased to $3 from $7. A number of analysts have revised their coverage, including Canaccord Genuity’s analysts, who began to cover the stock in early February with a ‘”a Buy”‘ rating. SVB Leerink began covering CLOV with “Mkt perform” recommendation on January 19, 2022.
Price Performance Review of CLOV
On Friday, Clover Health Investments Corp [NASDAQ:CLOV] saw its stock fall -3.77% to $0.73. Over the last five days, the stock has lost -8.50%. Clover Health Investments Corp shares have fallen nearly -23.69% since the year began. Nevertheless, the stocks have fallen -10.65% over the past one year. While a 52-week high of $1.63 was reached on 02/09/24, a 52-week low of $0.71 was recorded on 04/03/24. SMA at 50 days reached $0.8770, while 200 days put it at $1.0151. A total of 8.77 million shares were traded, compared to the trading of 7.64 million shares in the previous session.
Levels Of Support And Resistance For CLOV Stock
The 24-hour chart illustrates a support level at 0.7118, which if violated will result in even more drops to 0.6971. On the upside, there is a resistance level at 0.7507. A further resistance level may holdings at 0.7749. The Relative Strength Index (RSI) on the 14-day chart is 36.81, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0450, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.38%. Stochastics %K at 16.59% indicates the stock is a buying.
How much short interest is there in Clover Health Investments Corp?
A steep rise in short interest was recorded in Clover Health Investments Corp stocks on Mar 15, 2024, growing by 18.02 million shares to a total of 47.54 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 29.52 million shares. There was a rise of 37.9%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 11.79% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.45.
