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Clover Health stock drops after mixed earnings, announcement of impending CEO change

·1 min read
Clover Health stock drops after mixed earnings, announcement of impending CEO change

Shares of Clover Health Investments Corp. , which offers insurance plans to Medicare Advantage members, were off more than 6% in after-hours trading Monday after the company delivered a mixed earnings report and disclosed that its chief executive would be stepping down from that post at year's end. The company posted a net loss of $104.2 million, compared with a loss of $317.6 million a year earlier. Clover Health did not offer an earnings-per-share figure in its release. Clover posted a loss on