Angelica Ballesteros
1 min read
In This Article:
Oscar Health, Inc. (NYSE:OSCR) is one of the 10 Stocks End Trading Week Soaring, Outshining Wall Street.
Oscar Health extended its winning streak to a fourth consecutive day on Friday, jumping 13.05 percent to close at $21.22 apiece as investor sentiment was influenced by the previous days’ surge.
During the shortened, four-day trading week, shares of Oscar Health, Inc. (NYSE:OSCR) already grew by 52 percent, with analysts pointing to meme trading as having buoyed its share prices.
Additionally, investor sentiment was supported by a new proposal for Medicare that would allow individuals and employers to enroll in a new version called “Part E.”
A close up of a patient and a healthcare professional engaging in conversation, showing the company's commitment to patient care.
While this would heighten competition with private insurers such as Oscar Health, Inc. (NYSE:OSCR), the voluntary enrollment could potentially delay or prevent Medicare’s sooner-than-expected insolvency.
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READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
