Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Oscar Health Inc shares valued at $328,807 were sold by Quane Alessandrea C. on Jun 06 ’24. At $19.58 per share, Quane Alessandrea C. sold 16,793 shares. The insider’s holdings dropped to 251,136 shares worth approximately $4.53 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Blackley Richard Scott sold 29,978 shares, netting a total of over 586,969 in proceeds. Following the sale of shares at $19.58 each, the insider now holds 675,442 shares.
Before that, Quane Alessandrea C. had sold 25,550 shares from its account. In a trade valued at $497,203, the EVP, Chief Insurance Officer traded Oscar Health Inc shares for $19.46 each. Upon closing the transaction, the insider’s holdings decreased to 25,550 shares, worth approximately $4.28 million.
As published in their initiating research note from Piper Sandler on June 26, 2024, Oscar Health Inc [OSCR] has been an Overweight and the price target has been revised to $25. Analysts at Robert W. Baird started covering the stock with ‘”an Outperform”‘ outlook in a report released in late May. As of May 30, 2024, BofA Securities has decreased its “Buy” rating to a “Neutral” for OSCR. Earlier on March 22, 2024, Raymond James initiated its rating. Their recommendation was “an Outperform” for OSCR stock.
Analyzing OSCR Stock Performance
During the last five days, there has been a drop of approximately -2.27%. Over the course of the year, Oscar Health Inc shares have jumped approximately 97.27%. 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 $17.34, while a 200-day SMA reached $14.37. Nevertheless, trading volume fell to 2.53 million shares from 3.7 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 17.38, which, if violated, would cause prices to drop to 16.70. In the upper region, resistance lies at 18.76. The next price resistance is at 19.46. RSI (Relative Strength Index) is 56.08 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.60, which suggests the price will decrease in the coming days. Percent R is at 25.80%, indicating bullish price movement. Stochastics%K at holding indicates that the stock is to be held.
