Shares of Clover Health surged at the open on Wednesday before reversing those early gains, continuing a volatile period for the Medicare insurance stock that has become a favorite of traders on Reddit. Clover was trading at $20.39 per share shortly before 10:30 a.m. ET, down about 8% from its previous close. The stock rose as high as $28.85 per share earlier in the session.
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Clover Health pops at open but fades as Reddit trade finds new targets