BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of Oscar Health, Inc. (“Oscar” or the “Company”) (NYSE: OSCR) investors concerning the Company’s possible violations of federal securities laws.
Oscar provides health insurance products and services to individuals, families, and businesses in the United States. The company was formerly known as Mulberry Health Inc. and changed its name to “Oscar Health, Inc.” in January 2021.
On March 3, 2021, Oscar 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, the Company announced its first quarter 2021 financial results, reporting an $87.4 million loss or $(0.98) per share, well below analysts’ expectations of a loss of $(0.53) per share.
If you purchased Oscar securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.
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