What happened Shares of Social Capital Hedosophia Holdings Corp. III (NYSE: IPOC), which is now known as Clover Health and will trade under the ticker symbol "CLOV" for Class A shares, jumped 61.4% in December, according to data provided by S&P Global Market Intelligence, as investors anticipated the official business combination. So what There wasn't any significant news out from Clover Health during December, but the market rose sharply and growth stocks like this were a favorite of investors. Image source: Getty Images. President-Elect Biden's win should also be a tailwind with Democrats interested in expanding Medicaid and Medicare across the country. That could create opportunities for companies like Clover Health. The bigger news happened today as the business combination officially took effect and Clover Health shares traded on their own. In the next few months, we'll see complete financial results from the company; that's when investors can really make their judgements on the stock. Now what The reality is that SPACs, or special purpose acquisition companies, have been hot on the market, partly because they give investors access to new, high-growth companies. This just happened to be one of the better-known companies to have its business combination with a SPAC, which gave investors a reason to buy shares. 10 stocks we like better than Social Capital Hedosophia Holdings IIIWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Social Capital Hedosophia Holdings III wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of November 20, 2020 Travis Hoium has no position in any of the stocks mentioned. The Motley Fool owns shares of Social Capital Hedosophia Holdings III. The Motley Fool has a disclosure policy.Source