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Oscar Health (OSCR) Surges 50% Amid Meme Stock Speculation
Oscar Health (OSCR) Surges 50% Amid Meme Stock Speculation
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Oscar Health's stock has skyrocketed 50% in a week, sparking debates among analysts and retail investors about whether it's the latest meme stock phenomenon. The surge, including a 13% jump on June 20, appears driven by social media buzz rather than fundamental news. Ruth Capital's highlight of the company's $1 billion Q1 free cash FLOW added fuel to the rally.
Political connections are also drawing attention, with co-founder Joshua Kushner's ties to Jared Kushner and the TRUMP administration fueling retail investor interest. Market watchers note the stock's momentum mirrors classic meme stock behavior, blending speculative fervor with tangential narratives.
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