Despite a paper loss of -35.49% that is $542,210 USD during the quarter, they INCREASED their shares by 28.15% i.e. bought 58,194 MORE shares, as of 2021-12-31. Just what retail investors have been doing!
This is why I hold and why I'll keep buying more even as the price keeps dropping.
Not financial advice, just my take.
Clover Health Investments stock has tumbled this year. Director Chelsea Clinton bought up a large block of shares of the digital-first Medicare Advantage insurer.
Clover Health (ticker: CLOV) stock has dropped 41% so far this year, compared with a 9.2% slip in the S&P 500 index.
Clinton paid $252,530 on March 3 for 100,000 Clover Health shares, a per-share average price of $2.53, according to a form she filed with the Securities and Exchange Commission. Shares acquired now represent her stock holdings in the company.
Clover Health and The Clinton Foundation, which Clinton serves as vice chair, didn’t immediately respond to requests to make Clinton available for comment.
Near the end of February, Clover reported strong top-line growth in the fourth quarter. Shares rose following the report, but a small rally waned in the subsequent days.
Everything and more is explained in today's (1/18/22) update video! - https://youtu.be/mMqn9a_JemE
LFG and GL