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 $271,293 were sold by Quane Alessandrea C. on Dec 06 ’24. At $16.16 per share, Quane Alessandrea C. sold 16,793 shares. The insider’s holdings dropped to 430,216 shares worth approximately $5.78 million following the completion of this transaction.
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Also, Blackley Richard Scott sold 29,939 shares, netting a total of over 483,668 in proceeds. Following the sale of shares at $16.16 each, the insider now holds 914,402 shares.
Before that, Wolin Steven had sold 19,580 shares from its account. In a trade valued at $353,955, the Chief Operating Officer traded Oscar Health Inc shares for $18.08 each. Upon closing the transaction, the insider’s holdings decreased to 19,580 shares, worth approximately $1.38 million.
As published in their initiating research note from Jefferies on December 10, 2024, Oscar Health Inc [OSCR] has been an Underperform and the price target has been revised to $12. Analysts at BofA Securities downgraded the stock from ‘”a Neutral”‘ to ‘”an Underperform”‘ outlook in a report released in early November. As of October 07, 2024, UBS has initiated its “Neutral” rating for OSCR. Earlier on June 26, 2024, Piper Sandler initiated its rating. Their recommendation was “an Overweight” for OSCR stock.
Analyzing OSCR Stock Performance
During the last five days, there has been a drop of approximately -1.18%. Over the course of the year, Oscar Health Inc shares have jumped approximately 46.89%. Shares of the company reached a 52-week high of $23.79 on 09/20/24 and a 52-week low of $8.44 on 01/10/24. A 50-day SMA is recorded $15.48, while a 200-day SMA reached $17.33. Nevertheless, trading volume fell to 2.59 million shares from 2.03 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 13.07, which, if violated, would cause prices to drop to 12.71. In the upper region, resistance lies at 13.90. The next price resistance is at 14.37. RSI (Relative Strength Index) is 40.86 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.11, which suggests the price will decrease in the coming days. Percent R is at 83.04%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
