Clover Health Stock Surges Again: What to Watch When Markets Open Today

The meme stocks have a couple of new candidates, with both of them

Clover health

CLOV 85.82%

Investment and Wendy’s rising pre-market after a surge in the previous session. We’ll see that before the opening bell on Wednesday.

  • Healthcare company Clover Health is up 22% pre-IPO, after up 86% on Tuesday. Hamburger chain

    Wendys

    WHOM 25.85%

    is up a more modest 4.3%, but that builds on Tuesday’s 26% increase.

  • US stock futures gained, suggesting tepid gains on the opening, led by technology stocks.
  • S&P 500-linked futures ticked less than 0.1% higher. On Tuesday it did his third highest closing price since recording. Nasdaq 100 futures rose 0.3%, suggesting subdued gains for technology stocks after the opening bell. Read our full market report.
What’s up
Market movers in view

Headquarters of Lordstown Motors Corp. in Lordstown, Ohio, May 15, 2021.


Photo:

Dustin Franz / Bloomberg News

  • The original meme share,

    GameStop,

    GME 7.14%

    pre-IPO up 0.3%. E-commerce entrepreneur Ryan Cohen is supposed to Become the chairman of the video game dealer on Wednesday to consolidate its oversight of a company looking for a CEO and handling the expectations of shareholders optimistic about its turnaround potential.

  • Sherwin Williams

    Shares lost 0.4% before the bell. The paint maker raised its sales and profit outlook due to “strong” demand, but said rising raw material costs had led to price increases.

  • Autodesk

    Shares climbed 1.6% before the IPO. On Tuesday, Rosenblatt set a price target of $ 320 per share for the software company – it closed the day at $ 278.66.

  • American software

    pre-IPO up 0.3%. The supply chain management and software company posted record bookings in the fourth quarter of the fiscal year, while total revenue for the fiscal year declined 4% year over year.

Market facts
  • Nearly $ 3 out of every $ 10 of global equity inflows have been in ESG funds so far in 2021says Bank of America. Assets under management of the 1,900+ global ESG funds the company tracks reached a record $ 1.4 trillion in April, more than double what it was a year ago.
  • There are venture capitalists in the Boston area alone $ 7.2 billion pumped into life science companies through May, closing the $ 8.2 billion they’d invested all of last year, according to Crunchbase.
Chart of the day
  • China’s technical crackdown mainly affects mostly firms listed abroadwhich helps create a large performance gap between Chinese onshore and offshore stocks.
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