Oscar Health Inc’s recent filing unveils that its EVP, Chief Insurance Officer Quane Alessandrea C. unloaded Company’s shares for reported $0.29 million on Sep 06 ’24. In the deal valued at $17.06 per share,16,793 shares were sold. As a result of this transaction, Quane Alessandrea C. now holds 392,607 shares worth roughly $7.07 million.
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Then, Blackley Richard Scott sold 29,957 shares, generating $511,066 in total proceeds. Upon selling the shares at $17.06, the Chief Financial Officer now owns 853,875 shares.
Before that, Blackley Richard Scott sold 68,978 shares. Oscar Health Inc shares valued at $1,240,914 were divested by the Chief Financial Officer at a price of $17.99 per share. As a result of the transaction, Blackley Richard Scott now holds 884,213 shares, worth roughly $15.92 million.
UBS initiated its Oscar Health Inc [OSCR] rating to a Neutral in a research note published on October 07, 2024; the price target was $23. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who began to cover the stock in late June with a ‘”an Overweight”‘ rating. Robert W. Baird began covering OSCR with “an Outperform” recommendation on May 30, 2024. BofA Securities revised its rating on May 30, 2024. It rated OSCR as “a Neutral” which previously was an “a Buy”.
Price Performance Review of OSCR
On Friday, Oscar Health Inc [NYSE:OSCR] saw its stock jump 3.81% to $18.00. Over the last five days, the stock has lost -10.63%. Oscar Health Inc shares have risen nearly 96.72% since the year began. Nevertheless, the stocks have risen 251.56% over the past one year. While a 52-week high of $23.79 was reached on 09/20/24, a 52-week low of $4.72 was recorded on 01/10/24. SMA at 50 days reached $18.99, while 200 days put it at $16.72.
Levels Of Support And Resistance For OSCR Stock
The 24-hour chart illustrates a support level at 17.43, which if violated will result in even more drops to 16.86. On the upside, there is a resistance level at 18.35. A further resistance level may holdings at 18.69. The Relative Strength Index (RSI) on the 14-day chart is 40.72, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.91, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 85.09%. Stochastics %K at 7.91% indicates the stock is a buying.
How much short interest is there in Oscar Health Inc?
A steep rise in short interest was recorded in Oscar Health Inc stocks on 2024-09-30, dropping by -5.85 million shares to a total of 12.02 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 17.86 million shares. There was a decline of -48.65%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on March 22, 2024 when Raymond James began covering the stock and recommended ‘”an Outperform”‘ rating along with a $20 price target.
