Investigation announced for Investors in Oscar Health, Inc. (NYSE: OSCR) over potential Wrongdoing – Press Release


An investigation on behalf of investors in Oscar Health, Inc. (NYSE: OSCR) shares over potential wrongdoing at Oscar Health, Inc.

An investigation on behalf of investors in Oscar Health, Inc. (NYSE: OSCR) shares over potential wrongdoing at Oscar Health, Inc.

An investigation was announced over potential breaches of fiduciary duties by certain officers and directors at Oscar Health, Inc.

Investors who purchased shares of Oscar Health, Inc. (NYSE: OSCR) have certain options and should contact the Shareholders Foundation at [email protected] or call +1(858) 779 – 1554.

The investigation by a law firm concerns whether certain Oscar Health, Inc. directors breached their fiduciary duties and caused damage to the company and its shareholders.

New York based Oscar Health, Inc. provides health insurance products and services to individuals, families, and businesses in the United States. Oscar Health, Inc. reported that its annual Total Revenue rose from $553.77 million in 2019 to $589.64 million in 2020, and that its Net Loss increased from $261.18 million in 2019 to $406.82 million in 2020. On or about March 3, 2021, Oscar Health, Inc sold about 37 million shares of stock in its initial public stock offering (the “IPO”) at $39.00 a share, raising nearly $1.4 billion in new capital. On May 13, 2021, Oscar Health, Inc reported earnings for the first time since the IPO. The Company reported an $87.4 million loss or $(0.98) per share in its first quarter of 2021. Analysts polled by FactSet had expected Oscar to report a loss of 53 cents a share. Shares of Oscar Health, Inc (NYSE: OSCR) declined to as low as $19.78 per share on May 13, 2021.

Those who purchased shares of Oscar Health, Inc. (NYSE: OSCR) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: [email protected]

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.