Oscar Health Shares Rise 11% After Stock Purchases by Charity Tied to CEO Bertolini

Dow Jones11-18

By Denny Jacob

Oscar Health shares rose 11% in premarket trading after stock purchases made by a charitable foundation tied to the company's chief executive were disclosed.

Shares were trading around $16.50. The stock is up 80% on the year.

The healthcare technology company on Monday disclosed that CEO Mark Bertolini's charitable foundation, the Anahata Foundation, purchased 933,333 shares on the open market the week of Nov. 11.

Oscar Health said it was not a party to any of these transactions.

"My continued investment in Oscar reiterates my confidence in our growth," said Bertolini.

Oscar Health co-founder Joshua Kushner is related to President-elect Donald Trump's son-in-law, Jared Kushner

Write to Denny Jacob at denny.jacob@wsj.com

(END) Dow Jones Newswires

November 18, 2024 07:17 ET (12:17 GMT)

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