ALHC - Like Clover Health? This Growth Stock Is an Even Better Buy
Clover Health (NASDAQ: CLOV) has been a popular meme stock since it went public in January after merging with a special purpose acquisition company. With billionaire investor Chamath Palihapitiya backing the business, it didn't have trouble attracting attention. And in June, the company -- which offers health insurance to Medicaid recipients -- would see its stock soar to more than $28 or nearly double its Jan. 8 debut price. Today, Clover Health is trading around $8 per share, and much of the hype surrounding the business has cooled amid some uninspiring results and negative press.
For growth investors, there may be a better opportunity in this segment of the healthcare industry : Alignment Healthcare (NASDAQ: ALHC) . This stock also started trading this year but hasn't attracted the same fanfare. But with impressive numbers and an attractive outlook, it could make for a promising long-term investment.
Image source: Getty Images.
For further details see:
Like Clover Health? This Growth Stock Is an Even Better Buy