The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Oscar Health Inc shares valued at $12,752 were sold by Quane Alessandrea C. on Jun 04 ’24. At $19.09 per share, Quane Alessandrea C. sold 668 shares. The insider’s holdings dropped to 236,679 shares worth approximately $4.62 million following the completion of this transaction.
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Also, Blackley Richard Scott sold 626 shares, netting a total of over 11,950 in proceeds. Following the sale of shares at $19.09 each, the insider now holds 642,920 shares.
Before that, Wolin Steven had sold 486 shares from its account. In a trade valued at $9,278, the Chief Operating Officer traded Oscar Health Inc shares for $19.09 each. Upon closing the transaction, the insider’s holdings decreased to 486 shares, worth approximately $1.26 million.
As published in their initiating research note from Robert W. Baird on May 30, 2024, Oscar Health Inc [OSCR] has been an Outperform and the price target has been revised to $28. Analysts at BofA Securities downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in late May. As of March 22, 2024, Raymond James has initiated its “an Outperform” rating for OSCR. Earlier on November 02, 2023, BofA Securities upgraded its rating. Their new recommendation was “a Buy” for OSCR stock which previously was a “a Neutral”.
Analyzing OSCR Stock Performance
During the last five days, there has been a drop of approximately -1.76%. Over the course of the year, Oscar Health Inc shares have jumped approximately 113.11%. Shares of the company reached a 52-week high of $23.44 on 05/21/24 and a 52-week low of $8.44 on 01/10/24. A 50-day SMA is recorded $18.18, while a 200-day SMA reached $11.62. Nevertheless, trading volume fell to 3.06 million shares from 2.48 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 18.87, which, if violated, would cause prices to drop to 18.24. In the upper region, resistance lies at 20.01. The next price resistance is at 20.52. RSI (Relative Strength Index) is 47.61 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.28, which suggests the price will decrease in the coming days. Percent R is at 80.74%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
