CLOV Stock: The Chamath Palihapitiya Tweet Giving Clover Health a Lift Today

Clover Health Investments (NASDAQ:CLOV) stock is getting a boost on Friday thanks to a couple of Tweets from Chamath Palihapitiya.

a photo of a stethoscope laying atop medical papers representing CLOV stock.

Source: Shutterstock

Palihapitiya is the CEO of Social Capital, chairman of Virgin Galactic (NYSE:SPCE), and owns the Golden State Warriors. To go along with that, he currently has more than 1.5 million followers on Twitter (NYSE:TWTR).

In a Tweet after markets closed yesterday, Palihapitiya said he is selling 15% of his stake in SoFi Technologies (NASDAQ:SOFI) to fund other investment opportunities. That includes new investments in Mitra Chem, Spectral, and Syndica.

To go along with that, Palihapitiya also notes that he plans to increase his stake in CLOV stock. The Social Capital CEO says he intends to do this through the company’s primary offering. Palihapitiya says he plans to provide additional thoughts on these actions over time.

You can check out the Chamath Palihapitiya boosting CLOV stock today below.

We’re seeing a decent amount of trading activity from CLOV stock following these Tweets. As of this writing, some 6 million shares of the stock have changed hands. That’s quite the jump only an hour into trading today. Even if it’s still below the company’s daily average trading volume of about 20.9 million shares.

CLOV stock is up 2.8% as of Friday morning but is down 63.2% since the start of the year.

There’s more stock market news to dive into below!

It may be Friday, but that doesn’t mean there’s a lack of stock news worth reporting on. A few examples from today include what has shares of Apple (NASDAQ:AAPL) and Astra Space (NASDAQ:ASTR) on the move, as well as this morning’s pre-market stock movers. You can get up to speed on these matters at the following links!

More Stock Market News for Friday

On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the Publishing Guidelines.

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