Oscar Health Inc’s recently made public that its Chief Financial Officer Blackley Richard Scott unloaded Company’s shares for reported $0.38 million on Mar 06 ’24. In the deal valued at $14.12 per share,27,043 shares were sold. As a result of this transaction, Blackley Richard Scott now holds 614,316 shares worth roughly $9.07 million.
Then, Quane Alessandrea C. sold 13,233 shares, generating $186,850 in total proceeds. Upon selling the shares at $14.12, the EVP, Chief Insurance Officer now owns 212,850 shares.
Before that, Baltrus Victoria sold 33,707 shares. Oscar Health Inc shares valued at $535,267 were divested by the Chief Accounting Officer at a price of $15.88 per share. As a result of the transaction, Baltrus Victoria now holds 118,111 shares, worth roughly $1.74 million.
Raymond James initiated its Oscar Health Inc [OSCR] rating to an Outperform in a research note published on March 22, 2024; the price target was $20. A number of analysts have revised their coverage, including BofA Securities’s analysts, who increased its forecast for the stock in early November from “a Neutral” to “a Buy”. BofA Securities also remained covering OSCR and has increased its forecast on June 06, 2023 with a “Neutral” recommendation from previously “an Underperform” rating. Wells Fargo revised its rating on November 16, 2022. It rated OSCR as “an Overweight” which previously was an “an Equal weight”.
Price Performance Review of OSCR
On Monday, Oscar Health Inc [NYSE:OSCR] saw its stock jump 2.57% to $14.77. Over the last five days, the stock has gained 0.54%. Oscar Health Inc shares have risen nearly 61.42% since the year began. Nevertheless, the stocks have risen 131.87% over the past one year. While a 52-week high of $18.55 was reached on 02/15/24, a 52-week low of $4.72 was recorded on 01/10/24. SMA at 50 days reached $14.90, while 200 days put it at $9.28. A total of 1.66 million shares were traded, compared to the trading of 1.73 million shares in the previous session.
Levels Of Support And Resistance For OSCR Stock
The 24-hour chart illustrates a support level at 14.43, which if violated will result in even more drops to 14.10. On the upside, there is a resistance level at 15.01. A further resistance level may holdings at 15.25. The Relative Strength Index (RSI) on the 14-day chart is 54.31, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.27, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 20.76%. Stochastics %K at 58.11% indicates the stock is a holding.
How much short interest is there in Oscar Health Inc?
A steep rise in short interest was recorded in Oscar Health Inc stocks on Mar 15, 2024, growing by 1.05 million shares to a total of 6.31 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 5.26 million shares. There was a rise of 16.64%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 3.85% of the overall stock float, the days-to-cover ratio (short ratio) rose to 1.87.
