Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Clover Health Investments Corp shares valued at $100,010 were purchased by Loengard Anna U on Mar 14 ’24. At $0.73 per share, Loengard Anna U acquired 137,000 shares. The insider’s holdings grew to 538,841 shares worth approximately $0.39 million following the completion of this transaction.
Also, Loengard Anna U purchased 13,625 shares, netting a total of over 9,946 in proceeds. Following the buying of shares at $0.73 each, the insider now holds 15,125 shares.
Before that, Loengard Anna U had added 11,000 shares to its account. In a trade valued at $14,300, the Director bought Clover Health Investments Corp shares for $1.30 each. Upon closing the transaction, the insider’s holdings increased to 11,000 shares, worth approximately $7300.0.
As published in a research note from Cowen on February 02, 2022, Clover Health Investments Corp [CLOV] has been rated up from an Underperform to a Market perform and the price target has been revised to $3 from $7. Analysts at Canaccord Genuity started covering the stock with ‘”a Buy”‘ outlook in a report released in early February. As of January 19, 2022, SVB Leerink has initiated its “Mkt perform” rating for CLOV.
Analyzing CLOV Stock Performance
During the last five days, there has been a drop of approximately -3.62%. Over the course of the year, Clover Health Investments Corp shares have dropped approximately -23.40%. Shares of the company reached a 52-week high of $1.0400 on 02/09/24 and a 52-week low of $0.7135 on 04/03/24. A 50-day SMA is recorded $0.8623, while a 200-day SMA reached $1.0130. Nevertheless, trading volume fell to 5.88 million shares from 7.63 million shares the previous day.
Support And Resistance Levels for Clover Health Investments Corp (CLOV)
According to the 24-hour chart, there is a support level at 0.7162, which, if violated, would cause prices to drop to 0.7031. In the upper region, resistance lies at 0.7412. The next price resistance is at 0.7531. RSI (Relative Strength Index) is 37.88 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0384, which suggests the price will decrease in the coming days. Percent R is at 91.95%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is Clover Health Investments Corp subject to short interest?
Stocks of Clover Health Investments Corp saw a sharp rise in short interest on Mar 15, 2024 jumping by 18.02 million shares to 47.54 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 29.52 million shares. A jump of 37.9% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 3.45 of the overall float, the days-to-cover ratio (short ratio) jumped to 3.45.
