/cloudfront-us-east-2.images.arcpublishing.com/reuters/OWXY4ERELVIJDMCO3F6D4W3X5U.jpg?fit=%2C&ssl=1 "Clover Health shares surge as ‘meme stock’ rally expands")
An AMC theatre is pictured amid the coronavirus disease (COVID-19) pandemic in the Manhattan borough of New York City, New York, U.S., January 27, 2021. REUTERS/Carlo Allegri/File Photo
Shares of Clover Health Investments Corp (CLOV.O) jumped as much as 109% on Tuesday as it became a new focus for small individual traders on social media platforms who have prompted rallies in heavily shorted U.S. stocks this year.
Traders had exchanged more than $14 billion worth of Medicare-backed insurance seller Clover Health shares by the close, eclipsing the company’s overall stock market value of about…
