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Clover Health Investments Corp - CLOV STOCK NEWS

Welcome to our dedicated news page for Clover Health Investments (Ticker: CLOV), a resource for investors and traders seeking the latest updates and insights on Clover Health Investments.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Clover Health Investments's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Clover Health Investments's position in the market.

Rhea-AI Summary
Clover Health and WellBe Senior Medical have partnered to provide home-based medical care to Georgia residents with complex health conditions, offering in-home visits, personalized care plans, and access to community resources.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-18.14%
Tags
partnership
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Rhea-AI Summary
Clover Health Investments, Corp. reported its financial results for the third quarter of 2023. The company's insurance revenue grew by 12% compared to Q3 2022, reaching $301.2 million. The medical care ratio (MCR) for insurance improved to 78.5% from 86.3%. Non-insurance revenue declined by 70% to $176.0 million. The net loss for the quarter was $41.5 million, and adjusted EBITDA loss improved to $5.1 million compared to the same period last year. The revised full-year 2023 guidance reflects an insurance MCR of 81% - 82% and adjusted EBITDA of ($55) million - ($80) million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-18.14%
Tags
earnings
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Rhea-AI Summary
Clover Health has announced the appointment of Karen Soares as General Counsel. Soares has been with Clover since 2018 and has served in various legal and compliance positions. She will report to Andrew Toy, CEO of Clover.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.41%
Tags
none
Rhea-AI Summary
Clover Health Investments, Corp. to report third quarter 2023 financial results on November 6, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.4%
Tags
conferences earnings
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Rhea-AI Summary
Clover Health's analysis shows that the use of Clover Assistant leads to earlier diagnosis and treatment of diabetes, resulting in improved patient outcomes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.56%
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none
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Rhea-AI Summary
Clover Health CEO to participate in fireside chat at Maxim Group conference
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.85%
Tags
conferences acquisition
Rhea-AI Summary
Clover Health to host virtual Clover Assistant Showcase on October 12, 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
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conferences
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Rhea-AI Summary
Clover Health reported Q2 revenue of $513.6 million, with Insurance revenue growing by 17% to $314.4 million. Q2 net loss was $28.8 million, but Adjusted EBITDA improved to a profit of $10.0 million. Improved 2023 guidance includes Insurance MCR of 83%-85% and Adjusted EBITDA of ($70) million-($120) million. Insurance revenue expected to grow 11%-13% in 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.51%
Tags
earnings
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.22%
Tags
none
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.14%
Tags
conferences
Clover Health Investments Corp

Nasdaq:CLOV

CLOV Rankings

CLOV Stock Data

393.26M
375.44M
7.39%
24.45%
9.6%
Direct Health and Medical Insurance Carriers
Finance and Insurance
Link
United States
Franklin

About CLOV

clover health (nasdaq: clov) is a physician enablement company focused on seniors who have historically lacked access to affordable, high-quality healthcarewe aim to provide great care, in a sustainable way, by having a business model built around improving medical outcomes while lowering avoidable costs. we do this while taking a holistic approach to understanding the health needs and social risk factors of those under our care. this strategy is underpinned by our proprietary software platform, the clover assistant, which is designed to aggregate patient data from across the health ecosystem to support clinical decision-making by presenting physicians and other providers with real-time, personalized recommendations at the point of care.making care more accessible is at the heart of our business, and we believe patients should have the freedom to choose their doctors. we offer affordable medicare advantage plans with extensive benefits, provide primary care physicians with the clover a