Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Oscar Health Inc shares valued at $381,847 were sold by Blackley Richard Scott on Mar 06 ’24. At $14.12 per share, Blackley Richard Scott sold 27,043 shares. The insider’s holdings dropped to 614,316 shares worth approximately $8.59 million following the completion of this transaction.
Also, Quane Alessandrea C. sold 13,233 shares, netting a total of over 186,850 in proceeds. Following the sale of shares at $14.12 each, the insider now holds 212,850 shares.
Before that, Baltrus Victoria had sold 33,707 shares from its account. In a trade valued at $535,267, the Chief Accounting Officer traded Oscar Health Inc shares for $15.88 each. Upon closing the transaction, the insider’s holdings decreased to 33,707 shares, worth approximately $1.65 million.
As published in their initiating research note from Raymond James on March 22, 2024, Oscar Health Inc [OSCR] has been an Outperform and the price target has been revised to $20. Analysts at BofA Securities upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in early November. As of June 06, 2023, BofA Securities has increased its “an Underperform” rating to a “Neutral” for OSCR. Earlier on November 16, 2022, Wells Fargo upgraded its rating. Their new recommendation was “an Overweight” for OSCR stock which previously was a “an Equal weight”.
Analyzing OSCR Stock Performance
During the last five days, there has been a drop of approximately -1.62%. Over the course of the year, Oscar Health Inc shares have jumped approximately 52.79%. Shares of the company reached a 52-week high of $18.55 on 02/15/24 and a 52-week low of $8.44 on 01/10/24. A 50-day SMA is recorded $14.79, while a 200-day SMA reached $9.22. Nevertheless, trading volume fell to 1.9 million shares from 1.73 million shares the previous day.
Support And Resistance Levels for Oscar Health Inc (OSCR)
According to the 24-hour chart, there is a support level at 13.75, which, if violated, would cause prices to drop to 13.51. In the upper region, resistance lies at 14.31. The next price resistance is at 14.63. RSI (Relative Strength Index) is 46.18 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.03, which suggests the price will decrease in the coming days. Percent R is at 63.93%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Oscar Health Inc subject to short interest?
Stocks of Oscar Health Inc saw a sharp rise in short interest on Mar 15, 2024 jumping by 1.05 million shares to 6.31 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 5.26 million shares. A jump of 16.64% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 1.87 of the overall float, the days-to-cover ratio (short ratio) jumped to 1.87.
