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 has been experiencing mixed market activity, with both declines and moderate bullish movements. This fluctuation is influenced by the company’s recent issuance of $410 million in convertible notes aimed at supporting growth initiatives. In light of these developments, Wells Fargo has raised Oscar Health’s price target to $14, based on the assumption of enhanced subsidies extension.
More about Oscar Health
YTD Price Performance: 64.65%
Average Trading Volume: 24,137,791
Technical Sentiment Signal: Buy
Current Market Cap: $5.77B
For further insights into OSCR stock on TipRanks’ Stock Analysis page.
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