CNBC's Leslie Picker joins CNBC"s "Halftime" to discuss the latest meme stock mania — fast-food chain Wendy's. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi Passionate day traders glued to their Reddit message boards have found their new favorite target — Clover Health — pushing the shares up triple digits at one point Tuesday. The Medicare insurance start-up that went public via Chamath Palihapitiya’s SPAC jumped more than 100% on Tuesday after surging 32% in the previous session. The stock last traded up 78%. By midday trading, Clover has already traded over 400 million shares, 18 times more than its 30-day average volume of 22 million shares, according to FactSet. Chatter about Clover grew on Reddit’s WallStreetBets forum, which now has more than 10 million participants. Clover became the most mentioned name in the infamous chatroom on Tuesday, according to QuiverQuant. Reddit traders have been all over AMC Entertainment in the past week as traders piled into shares and call options of the movie theater chain and drove the stock up more than 110% this month. A short squeeze could be at play for Clover Health, which has 43.5% of its float shares sold short, according to data from S3 Partners. That compares with about 18% short interest in AMC. When a heavily shorted stock suddenly jumps high, short sellers are forced to buy back shares and close their short position to cut losses. Retail traders on Reddit are encouraging each other to take advantage of the big short interest in Clover and aim to squeeze out short sellers. » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30: https://www.cnbc.com/2020/09/29/the-news-with-shepard-smith-podcast.html?__source=youtube%7Cshepsmith%7Cpodcast Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC https://www.cnbc.com/select/best-credit-cards/ #CNBC #CNBCTV