Meme stocks explained: As with video game retailer Gamestop’s shares in January, Reddit forums like r/WallStreetBets continue to create herd mentality among retail investors barrelling through the stock market, as Insider Intelligence expected.
For these retail investors, meme stocks fulfill three functions:
Here's something Redditors may not know about Clover: They may not have dived into Clover’s fundamentals before investing, but the insurtech’s business model could be primed for growth.
It’s participating in a new experimental Center for Medicare & Medicaid Services program trying to lower Medicare costs by paying select companies directly to deliver care—a model that should incentivize doctors to focus on quality of care rather than quantity of services. The large population of Medicare patients that Clover Health will now be assigned to under the program is expected to swell its consumer base: Clover execs projected the insurtech will cover 273,000 people this year alone, compared with just 57,000 people as of October 2020.
What does this mean for Clover?