The New York Stock Exchange is pictured in the Manhattan area of New York City, New York, on April 16th, 2021. Carlo Allegri Recreaters Photo
Shares of Clover Health Investments Corp. jumped 13.3% on Wednesday, a day after small-time traders on the online discussion forums moved its stock to a 96% record high.
The current rating insurer Clover Health, among the most pumped stocks across U.S. exchanges, has emerged as the new favorite of individual traders who had previously shorted shares in forums such as Reddit's WallStreetBets.
Clover Health was one of the most heavily traded stocks after logging its highest trading volume on the U.S. exchanges on Tuesday after Wednesday's spike in stock value.
Shares of video game retailer GameStop were down 2.3%, while shares of BlackBerry Ltd. and U.S. shares of AMC had 4.1% and 1.0%, respectively.