Why Oscar Health Stock Tumbled by 22% on Tuesday
One of the sicker stocks on the market Tuesday was next-generation health insurance provider Oscar Health (NYSE: OSCR). The company's share price fell by almost 22% following the publication of a downbeat analyst note from an influential investment bank.
Goldman Sachs analyst Nathan Rich launched coverage of the U.S. managed care healthcare segment. His outlook is generally positive, not least because he feels that the large-cap title in the segment could see annual profitability growing by 13%.
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Source Fool.com