- Clover Health Investments Corp. ( NASDAQ: CLOV ), the Medicare Advantage insurer once significantly backed by "SPAC King" Chamath Palihapitiya, hit an all-time low of $1.49 on Thursday.
- The stock is barely doing better on Friday. The price inched up to $1.52 in early Friday afternoon trading.
- Clover Health ( CLOV ) is trading far below its $15.30 opening price when it began trading in January 2021 in a SPAC deal with Palihapitiya.
- The stock price peaked at $28.85 during trading on June 9, 2021.
- Year to date, shares are down ~62% .
- Earlier in October, Palihapitiya cut his ownership stake in Clover Health ( CLOV ) to 4.99%.
For further details see:
Chamath Palihapitiya-linked Clover Health Investments trading near all-time low