Newest meme stock darling Clover Health is popping. Is the SEC watching?

If new Securities and Exchange Commissioner Gary Gensler wants to get a feel for meme stocks, he might want to pay attention to one in particular at Tuesday’s opening bell on Wall Street.

While Clover wasn’t the only meme stock to take off on Monday –the so-called BANG stocks: BlackBerry BB, -0.24%, AMC Entertainment AMC, -0.36%, Nokia NOK, -0.62% and GameStop GME, +3.14% all had a big day– it was well ahead of the pack not just in the valuation of its shares but in the other two key metrics for any meme.

On the other side of the equation was the oxygen that retail investors often need to pump what they see as an undervalued stock — short interest. Premarket data from Fintel early Tuesday showed that the health care startup is under serious pressure from short sellers, with a short volume ratio of almost 32%, making it the 36th most shorted stock of the 7,300 companies covered by Fintel.

But the technical aspect of targeting cheap stocks with high short interest for a broad and coordinated attack on social media remains a very popular strategy for those inside the trade.

DJ Khaled is expanding his business horizons. The music mogul has partnered with Endexx to create Blesswell a line of CBD-infused men’s grooming products that the company said is meant to offer an essential toolkit for men’s self-care needs StocksToWatch

SEC_Enforcement isn’t watching lol they’d have noticed that completely normal price action in all “meme” stocks today dip hard and come back up at the same time... NakedShorts AMC

That won’t work. But and Hold AMC

Oh okay. I guess I'll sell my GME and buy in.

too volatile to buy in rn, watching and waiting for a massive dip

stfu

There is only ONE GameStop. When GME explodes, it will blow all others out the water.

Im locked and loaded for $BB myself

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stitch Fix, Coupa Software, Clover Health, Tesla: What to Watch When the Stock Market Opens TodayClover Health Investments shares soared premarket after emerging as the latest target for retail traders on Reddit forums The desire for COVID19 to be natural is so powerful, that even if one could decipher a hidden code in the sequence that read 'THEUSMEDIAISAJOKE' it would not make a difference to many of Dems. To the liberal orthodoxy, any opinion unblessed by their leaders is a Big Lie.
Source: WSJ - 🏆 98. / 63 Read more »

Venture Funding For Mental Health Startups Hits Record High As Anxiety, Depression SkyrocketInvestors poured $1.5 billion into the market in 2020, but technology alone won’t solve long standing problems like low reimbursement rates and provider shortages.
Source: Forbes - 🏆 394. / 53 Read more »

5 Eco-Conscious Products Our Beauty and Health Editor LovesGlynn uses Plus\u2019s new waterless body cleanser, which features dissolvable packaging that washes down the drain without a trace once you\u2019re done sudsing up. \u201cIt\u2019s such a cool concept and I\u2019ve been really enjoying the formula,\u201d says Glynn.
Source: marieclaire - 🏆 102. / 63 Read more »

Roads and Bridges and Tunnels \u2026 and Health?According to the Biden Administration, infrastructure is more than just replacing lead pipes — it’s also bolstering our healthcare system. Read how President Biden is redefining infrastructure.
Source: HealthyWomen - 🏆 29. / 68 Read more »

Ryan Reynolds Says His Three Daughters Inspired Him to Open Up About His Mental HealthRyan Reynolds has been more open about his struggles with mental health and anxiety recently and says his daughters inspired him to be more open.
Source: marieclaire - 🏆 102. / 63 Read more »