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Benzinga
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What's Going On With Oscar Health Stock On Tuesday?

1. Oscar Health issued $355 million in convertible notes due 2030. 2. Net proceeds will support AI initiatives and healthcare expansion. 3. Interest rate is 2.25%, maturing in September 2030. 4. Conversion price set at a premium of 32.5% over recent stock price. 5. OSCR stock is currently down 5.52%, trading at $17.70.

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FAQ

Why Neutral?

The price decline signals market skepticism despite funding for growth initiatives.

How important is it?

The funding may enhance growth efforts but current market reaction indicates caution.

Why Long Term?

Funding allocated for growth may positively impact performance long-term, though immediate stock price reflects uncertainty.

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