Long Position on OSCR @ $17.50 on 9/20/2021 (Rumor)

Oscar Health, Inc. (OSCR) provides health insurance products and services in the United States. 

The company offers Individual & Family, Small Group, and Medicare Advantage plans, as well as +Oscar, a full stack technology platform.

It also provides reinsurance products.

The company was formerly known as Mulberry Health Inc. and changed its name to Oscar Health, Inc. in January 2021. The company came public in March 2021 at around $35 per share. Shares moved lower following the IPO and now have formed a bullish "cup and handle," and are expected to move higher from the curent formation. 

In a regulatory filing, Oscar Health CEO Mario Schlosser disclosed the purchase of 57,300 class A common shares of the company on September 16 at a price of $17.5308 per share. We expect the shares to move higher from the current formation.

Entry Point: $17.50

Trading Range: $12.06 to $37.00

Stop Loss: $16.50

Target Price: $20.00

Position closed on 12/2/2021 at price of $16.50 with a -5.71% loss in 73 days.

Back to Portfolio