
Clover Health Investments Corp (NASDAQ:CLOV) shares are trading lower Tuesday. The stock initially surged after the company reported better-than-expected top-line results and reaffirmed guidance, but it's pulling back significantly today.
Clover Health reported first-quarter revenue of $874.4 million, which beat the $787.34 million estimate. The company reported an adjusted net loss of $75.3 million.