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Piper Sandler initates Oscar Health Inc (OSCR) stock to an Overweight

Oscar Health Inc’s recent filing unveils that its Chief Financial Officer Blackley Richard Scott unloaded Company’s shares for reported $0.59 million on Jun 06 ’24. In the deal valued at $19.58 per share,29,978 shares were sold. As a result of this transaction, Blackley Richard Scott now holds 675,442 shares worth roughly $11.21 million.

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Then, Quane Alessandrea C. sold 16,793 shares, generating $328,807 in total proceeds. Upon selling the shares at $19.58, the EVP, Chief Insurance Officer now owns 251,136 shares.

Before that, Quane Alessandrea C. sold 668 shares. Oscar Health Inc shares valued at $12,752 were divested by the EVP, Chief Insurance Officer at a price of $19.09 per share. As a result of the transaction, Quane Alessandrea C. now holds 236,679 shares, worth roughly $3.93 million.

Piper Sandler initiated its Oscar Health Inc [OSCR] rating to an Overweight in a research note published on June 26, 2024; the price target was $25. A number of analysts have revised their coverage, including Robert W. Baird’s analysts, who began to cover the stock in late May with a ‘”an Outperform”‘ rating. BofA Securities also remained covering OSCR and has decreased its forecast on May 30, 2024 with a “Neutral” recommendation from previously “Buy” rating. Raymond James started covering the stock on March 22, 2024. It rated OSCR as “an Outperform”.

Price Performance Review of OSCR

On Tuesday, Oscar Health Inc [NYSE:OSCR] saw its stock jump 4.54% to $16.59. Over the last five days, the stock has lost -5.95%. Oscar Health Inc shares have risen nearly 81.31% since the year began. Nevertheless, the stocks have risen 105.83% over the past one year. While a 52-week high of $23.44 was reached on 05/21/24, a 52-week low of $4.72 was recorded on 01/10/24. SMA at 50 days reached $19.35, while 200 days put it at $12.62. A total of 2.48 million shares were traded, compared to the trading of 3.77 million shares in the previous session.

Levels Of Support And Resistance For OSCR Stock

The 24-hour chart illustrates a support level at 16.07, which if violated will result in even more drops to 15.55. On the upside, there is a resistance level at 16.91. A further resistance level may holdings at 17.22. The Relative Strength Index (RSI) on the 14-day chart is 36.28, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.79, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 75.13%. Stochastics%K at 15.99% indicates the stock is a buying.

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