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Recent Insider Activity Could Benefit Oscar Health Inc (OSCR)

Oscar Health Inc’s filing revealed that its Director Thrive Partners VII Growth GP, acquired Company’s shares for reported $1.69 million on Nov 21 ’24. In the deal valued at $16.86 per share,100,000 shares were bought. As a result of this transaction, Thrive Partners VII Growth GP, now holds 6,343,617 shares worth roughly $101.37 million.

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Then, Thrive Partners VII Growth GP, bought 88,395 shares, generating $1,499,701 in total proceeds. Upon buying the shares at $16.97, the Director now owns 6,243,617 shares.

Before that, Kushner Joshua bought 100,000 shares. Oscar Health Inc shares valued at $1,685,980 were divested by the Co-Founder and Vice Chairman at a price of $16.86 per share. As a result of the transaction, Kushner Joshua now holds 6,343,617 shares, worth roughly $101.37 million.

BofA Securities downgraded its Oscar Health Inc [OSCR] rating to an Underperform from a a Neutral in a research note published on November 06, 2024; the price target was decreased to $13.50 from $21. A number of analysts have revised their coverage, including UBS’s analysts, who began to cover the stock in early October with a ‘”a Neutral”‘ rating. Piper Sandler began covering OSCR with “an Overweight” recommendation on June 26, 2024. Robert W. Baird started covering the stock on May 30, 2024. It rated OSCR as “an Outperform”.

Price Performance Review of OSCR

On Friday, Oscar Health Inc [NYSE:OSCR] saw its stock fall -2.02% to $15.98. Over the last five days, the stock has gained 7.46%. Oscar Health Inc shares have risen nearly 74.64% since the year began. Nevertheless, the stocks have risen 88.00% over the past one year. While a 52-week high of $23.79 was reached on 09/20/24, a 52-week low of $7.29 was recorded on 01/10/24. SMA at 50 days reached $17.90, while 200 days put it at $17.45.

Levels Of Support And Resistance For OSCR Stock

The 24-hour chart illustrates a support level at 15.64, which if violated will result in even more drops to 15.31. On the upside, there is a resistance level at 16.59. A further resistance level may holdings at 17.21. The Relative Strength Index (RSI) on the 14-day chart is 48.53, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.04, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 46.20%. Stochastics %K at 58.43% indicates the stock is a holding.

How much short interest is there in Oscar Health Inc?

A steep rise in short interest was recorded in Oscar Health Inc stocks on 2024-10-31, growing by 0.39 million shares to a total of 12.41 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 12.02 million shares. There was a rise of 3.15%, which implies that there is a positive sentiment for the stock.

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