Oscar Health (OSCR) experienced an 11% rise in its stock price on Wednesday morning following a significant share purchase by CEO Mark Bertolini. Bertolini acquired 1 million shares at $11.92 each, totaling nearly $12 million, as disclosed in a regulatory filing. This transaction increased his stake by 11% to 10.2 million shares. The company's stock had already climbed 7% the previous day after the U.S. government announced a 2.5% increase in Medicare Advantage reimbursements for 2027, surpassing earlier expectations.
https://www.gurufocus.com/news/8782769/oscar-health-oscr-shares-surge-after-ceos-12m-stock-purchase
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