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Clover Health Just Became a Meme Stock -- Could Lemonade Be the Next Short Squeeze?

·3 min read
Clover Health Just Became a Meme Stock -- Could Lemonade Be the Next Short Squeeze?
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Earlier this week, frenzied Reddit traders sparked another short squeeze, this time targeting Medicare Advantage plan provider Clover Health. Venture capitalist Chamath Palihapitiya recently took the company public through a special purpose acquisition company (SPAC). In less than 72 hours, Clover's share price soared 200% to a high of $28.85.