These 10 Stocks Boast Double-Digit Gains Amid Boring Market

4. Oscar Health, Inc. (NYSE:OSCR)

Oscar Health extended its winning streak to a third consecutive day on Wednesday, jumping 16.51 percent to finish at $18.77 apiece as investors resorted to bargain-hunting following news that lawmakers are proposing a new measure that would allow individuals and employers to voluntarily enroll in a new version of Medicare.

Under the bill, lawmakers are looking to establish a “Part E,” a self-funded Medicare plan to be offered alongside private insurance across all states and federal marketplaces.

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 insolvency.

Over the past few days, fears brewed over Medicare getting insolvent sooner than expected, with the cautious sentiment spilling over to stocks of Oscar Health, Inc. (NYSE:OSCR) and its counterparts.