Oscar Health, Inc. (OSCR): "They Told Us That Was Going To Happen," Says JIm Cramer

We recently published 11 Stocks That Jim Cramer Recently Talked About. Oscar Health, Inc. (NYSE:OSCR) is one of the stocks Jim Cramer recently discussed.

Oscar Health, Inc. (NYSE:OSCR) is a healthcare coverage plan and reinsurance provider. The shares have gained 6.7% year-to-date, primarily on the back of a 52% jump in June after investor optimism about the Trump administration’s push towards Medicare efficiency. Oscar Health, Inc. (NYSE:OSCR)’s stock was dealt a blow in late July after the firm’s latest earnings report saw it cut its full-year operating earnings from an earlier midpoint of $250 million to a loss of $250 million. Naturally, investors weren’t impressed. Here’s what Cramer said about Oscar Health, Inc. (NYSE:OSCR):

“They told us that was going to happen. All the analysts were right on, on that. So I mean I don’t know how much the stock should go down from here.

“Okay so here’s a good example of finally, if you keep, if the analysts keep telling you that there’s a problem, and you get the problem. The stock doesn’t go down.”

The CNBC TV host discussed Oscar Health, Inc. (NYSE:OSCR) ahead of its earnings. Perhaps his remarks were prescient:

“David I’m hearing this Oscar Health could be in a little bit of a jam. That’s Mark Bertolini. Now I think Bertolini is terrific. . .Yeah but there’s a price target, price target ten dollars, when the stock hit 15, by Wells. I thought they had a price target at 16, they cut it to 10. ‘Pricing not adequate to cover costs.’ . .just be aware that that sector is still untouchable.”

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Disclosure: None. This article is originally published at Insider Monkey.