Bloomberg reported Monday that a group of 37 meme stocks that the company tracks had fallen as much as 4.4%, marking a sixth straight decline, after the group's worst week since late February.
JPMorgan analyst Lisa Gill recently downgraded the Medicare insurance startup and cut her price target to $9 from $15, saying Clover Health "lowered most guidance metrics, including reducing the number of aligned beneficiaries under the direct contracting program in 2021 by 50%."
Clover Health is a Medicare insurance start-up that went public via venture capitalist Chamath Palihapitiya’s SPAC.
Last week, Grapevine, Texas-based GameStop took a hit from Netflix (NFLX) - Get Report after analysts at UBS raised their price target and Bloomberg reported the streaming entertainment giant could be moving into online video game sector.
Earlier this month, AMC scrapped plans to have shareholders approve a planned capital increase that would have diluted existing stockholders.
The Leawood, Kansas, company recently took a hit after Disney's (DIS) - Get Report Marvel Entertainment unit released "Black Widow" and posted impressive numbers on the entertainment giant's streaming service Disney+, a sign that post-COVID-19 home film viewing will continue in a post-pandemic world.