Why Clover Health And ContextLogic Are Surging Today

Clover Health Investments Corp CLOV and ContextLogic Inc WISH are surging in premarket trading as retail traders attempt to push the stocks higher. 

Clover Health and ContextLogic are trending across social media platforms as retail traders discuss lofty price targets and short squeeze potential for the stocks.

Reddit traders continue to band together and target individual stocks after members of the Subreddit r/wallstreetbets were able to push the share prices of GameStop Corp GME and AMC Entertainment Holdings Inc AMC significantly higher. 

Clover and ContextLogic are now the two most mentioned stocks on the Subreddit over the past 24 hours. 

Related Link: Clover Health, ContextLogic Become Top WallStreetBets Interests As AMC, GameStop Lag

At publication time, the stocks were the top two trending stocks on Stocktwits. 

Recent Sales: On May 17, Clover Health reported quarterly revenue of $200.3 million, which beat the estimate of $166.23 million. 

On May 12, ContextLogic reported quarterly revenue of $772 million, which beat the estimate of $743.09 million.

At last check Wednesday, Clover Health was up 22.20% at $27.07 and ContextLogic was up 31.30% at $15.27.