5 Stocks Reddit’s WallStreetBets is Buying in July 2021

4. Clover Health Investments, Corp. (NASDAQ: CLOV)

Number of Hedge Fund Holders: 23     

Clover Health Investments, Corp. (NASDAQ: CLOV) stock has returned 34% to investors in the past three months. The company provides health insurance products. It is placed fourth on our list of 10 stocks Reddit’s WallStreetBets is buying in July 2021. On July 6, the share price of the firm dropped by close to 10% as a share lock-up period, which had begun when the firm went public earlier this year, prohibiting those involved in the IPO to sell shares, came to an end. Reddit interest in the firm, which was waning, has increased again in the past few days. 

Clover Health Investments, Corp. (NASDAQ: CLOV) shares jumped closed to 8% in premarket trading earlier this month after the firm announced plans to expand its insurance services to more than 100 new counties across the United States. 

Out of the hedge funds being tracked by Insider Monkey, San Francisco-based investment firm Greenoaks Capital is a leading shareholder in Clover Health Investments, Corp. (NASDAQ: CLOV) with 96.3 million shares worth more than $728 million.