Oscar Health ( (OSCR) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Oscar Health’s stock took a hit after Wells Fargo downgraded it from Equal Weight to Underweight, reducing the price target from $16 to $10. This move was driven by concerns over rising exchange acuity and insufficient pricing for 2025 to tackle ongoing cost trends. Negative commentary from public plans during Q1 further fueled these worries, leading to a lack of confidence in the company’s future visibility and resulting in a sell-off.
More about Oscar Health
YTD Price Performance: 14.61%
Average Trading Volume: 15,632,439
Technical Sentiment Signal: Strong Buy
Current Market Cap: $4.1B
For further insights into OSCR stock on TipRanks’ Stock Analysis page.
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