Clover Health Investments, Corp. (CLOV) Outpaces Stock Market Gains: What You Should Know

CLOV

Clover Health Investments, Corp. (CLOV - Free Report) closed the most recent trading day at $7.88, moving +1.42% from the previous trading session. The stock outpaced the S&P 500's daily gain of 0.95%.

Heading into today, shares of the company had lost 12.89% over the past month, lagging the Medical sector's loss of 1.9% and the S&P 500's loss of 1.87% in that time.

Investors will be hoping for strength from CLOV as it approaches its next earnings release.

Investors might also notice recent changes to analyst estimates for CLOV. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.

Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. CLOV is holding a Zacks Rank of #4 (Sell) right now.

The Medical Info Systems industry is part of the Medical sector. This industry currently has a Zacks Industry Rank of 216, which puts it in the bottom 15% of all 250+ industries.

The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.

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