Oscar Health (OSCR) Skyrockets 52% W/W. Time to Take Profits?

Oscar Health, Inc. (NYSE:OSCR) is one of the Double-Digit Winners: 10 Stocks Crushing The Market.

Oscar Health jumped by 52 percent week-on-week, finishing at $21.22 versus the $13.95 on June 13, with analysts naming it a meme stock amid the lack of clear catalysts to boost buying appetite.

Last week’s shortened trading saw Oscar Health, Inc. (NYSE:OSCR) trade higher for four consecutive days, reflecting strong investor confidence amid macroeconomic uncertainties.

Additionally, sentiment may have been supported by a new proposal for the Medicare Advantage, called “Part E,” that would allow individuals and employers to enroll voluntarily.

While this would heighten competition with private insurers, the voluntary enrollment could potentially delay or prevent Medicare’s sooner-than-expected insolvency, and indirectly benefit Oscar Health, Inc. (NYSE:OSCR) and other private insurers.

A close up of a patient and a healthcare professional engaging in conversation, showing the company’s commitment to patient care.

While we acknowledge the potential of OSCR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

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.