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Thornton Law Firm Announces Investigation Into OSCR

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Boston, Massachusetts--(Newsfile Corp. - August 16, 2021) - The Thornton Law Firm alerts investors that it is investigating Oscar Health, Inc. (NYSE: OSCR) for potential securities violations. Investors who currently own shares or options of OSCR may contact the Thornton Law Firm's investor protection team by visiting www.tenlaw.com/cases/Oscar for more information. Investors may also email investors@tenlaw.com or call 617-531-3917.

FOR MORE INFORMATION: www.tenlaw.com/cases/Oscar

On May 13, 2021, Oscar Health reported an $87.4 million loss in the first quarter of 2021 as a publicly traded company even as revenue rose on new business and expansion into new markets to sell health insurance. The results equal a loss of 98 cents per share, Oscar Health said. Earnings before interest, taxes, depreciation and amortization was a loss of $26.3 million in the quarter.

The startup insurer fell short of Wall Street expectations, according to MarketWatch, but did report more members than expected. Oscar Health officially went public in March. While its reach has continued to grow in terms of membership, the company has historically struggled to turn a profit.

FOR MORE INFORMATION: www.tenlaw.com/cases/Oscar

Thornton Law Firm's securities attorneys are highly experienced in representing investors in recovering damages caused by violations of the securities laws. Its attorneys have established track records litigating securities cases in courts throughout the country and recovering losses on behalf of investors. This may be considered Attorney Advertising in some jurisdictions. Prior results do not guarantee or predict a similar outcome with respect to any future matter.

CONTACT:
Thornton Law Firm LLP
1 Lincoln Street
State Street Financial Center
Boston, MA 02111
www.tenlaw.com/cases/Oscar

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/93326