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 $286,489 were sold by Quane Alessandrea C. on Sep 06 ’24. At $17.06 per share, Quane Alessandrea C. sold 16,793 shares. The insider’s holdings dropped to 392,607 shares worth approximately $9.14 million following the completion of this transaction.
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Also, Blackley Richard Scott sold 29,957 shares, netting a total of over 511,066 in proceeds. Following the sale of shares at $17.06 each, the insider now holds 853,875 shares.
Before that, Blackley Richard Scott had sold 68,978 shares from its account. In a trade valued at $1,240,914, the Chief Financial Officer traded Oscar Health Inc shares for $17.99 each. Upon closing the transaction, the insider’s holdings decreased to 68,978 shares, worth approximately $20.58 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 surge of approximately 10.81%. Over the course of the year, Oscar Health Inc shares have jumped approximately 154.32%. Shares of the company reached a 52-week high of $23.57 on 09/19/24 and a 52-week low of $8.44 on 01/10/24. A 50-day SMA is recorded $17.74, while a 200-day SMA reached $15.77. Nevertheless, trading volume fell to 3.18 million shares from 3.1 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 22.90, which, if violated, would cause prices to drop to 22.53. In the upper region, resistance lies at 23.60. The next price resistance is at 23.94. RSI (Relative Strength Index) is 77.12 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.89, which suggests the price will increase in the coming days. Percent R is at 4.30%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
