Monitoring Oscar Health Inc. (OSCR) after recent insider movements


Oscar Health Inc.’s recent filing unveils that its 10% Owner Alphabet Inc. unloaded Company’s shares for reported $52.53 million on Aug 17. In the deal valued at $8.08 per share,6,500,000 shares were sold. As a result of this transaction, Alphabet Inc. now holds 0 shares worth roughly $ 0.0.

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Then, Schlosser Mario sold 235,000 shares, generating $1,624,578 in total proceeds. Upon selling the shares at $6.91, the President of Technology & CTO now owns 57,317 shares.

Before that, Blackley Richard Scott sold 23,955 shares. Oscar Health Inc. shares valued at $201,093 were divested by the Chief Transformation Officer at a price of $8.39 per share. As a result of the transaction, Blackley Richard Scott now holds 437,975 shares, worth roughly $2.88 million.

BofA Securities upgraded its Oscar Health Inc. [OSCR] rating to a Neutral from a an Underperform in a research note published on Friday, June 06, 2023; the price target was increased to $8.75 from $5.40. PT values the company’s stock at a premium of 24.8 to its Friday closing price.

Price Performance Review of OSCR

On Friday, Oscar Health Inc. [NYSE:OSCR] saw its stock jump 4.94% to $6.58. On the same session, the stock had its day’s lowest price of $6.34, but rose to a high of $6.60. Over the last five days, the stock has gained 4.28%. Oscar Health Inc. shares have risen nearly 167.48% since the year began. Nevertheless, the stocks have fallen -0.75% over the past one year. While a 52-week high of $9.89 was reached on 06/13/23, a 52-week low of $2.05 was recorded on 01/03/23. SMA at 50 days reached $7.52, while 200 days put it at $5.60. A total of 1.33 million shares were traded, compared to the trading of 1.41 million shares in the previous session.

Levels Of Support And Resistance For OSCR Stock

The 24-hour chart illustrates a support level at 6.41, which if violated will result in even more drops to 6.25. On the upside, there is a resistance level at 6.67. A further resistance level may holdings at 6.77. The Relative Strength Index (RSI) on the 14-day chart is 41.72, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.36, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 77.38%. Stochastics %K at 10.82% indicates the stock is a buying.

How much short interest is there in Oscar Health Inc.?

A steep rise in short interest was recorded in Oscar Health Inc. stocks on Aug 14, 2023, dropping by -1.29 million shares to a total of 4.87 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 6.16 million shares. There was a decline of -26.49%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 3.11% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.74.

Oscar Health Inc. [OSCR] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 11,700,613 shares, or roughly 6.39% of the outstanding OSCR shares. In other words, the investor’s shares have risen by 79,648 from its previous 13-F filing of 11620965.0. Additionally, BlackRock Fund Advisors increased 15.32% of its stake after which the total value it holdings stand at $74,616,779, while Southeastern Asset Management, In reduced -45.84% of its stake to hold $44.51 million in the firm. Over the last quarter, Point72 Asset Management LP sold -474,563 shares of Oscar Health Inc., while Millennium Management LLC sold -1,044,874 shares. At present, SSgA Funds Management, Inc. is holding 3,207,395 shares valued at $24.12 million. Renaissance Technologies LLC owned 2,950,100 shares of the company at the time of its most recent 13F filing, worth $22.18 million.

According to FactSet, Oscar Health Inc.’s share price will average $8.79 in the next year, based on opinions of analysts polled by the firm. This is up nearly 35.57 percent from its previous closing price of $6.27. Analysts expect Oscar Health Inc. stock to reach the higher price of $12.00, while the lowest price estimate is $7.50. However, 7 analysts have rated OSCR stock as an Overweight in their predictions for 2023.


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