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Why Clover Health Investments Stock Fell 22% in May

TheMotleyFool

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Why Clover Health Investments Stock Fell 22% in May

Shares of Clover Health Investments (NASDAQ: CLOV) fell 22% in May, according to data from S&P Global Market Intelligence. First-quarter 2021 earnings weren't good enough to offset short sellers betting against the stock after it was noted earlier this year the Medicare insurance technologist is under federal investigation for how it compensates physicians for using its software.