A Wall Street guru announced that it put the eye on a company and its price shot almost 24%

Michael Burryrecognized for predicting the mortgage crisis of 2008, in its recent presentation 13f of February 14 in Wall Street revealed a position in Oscar Health, a medium -sized company that operates a digital health insurance platformwhich made its price shoot.

It should be noted that with his Hedge Fund Sion Asset Managementfor 2024, Its portfolio obtained exceptional performance, exceeding the reference index.

While it has been investigating mainly in Chinese technology, its recent presentation revealed that it opted for a medium -sized company that operates a digital health insurance platform.

Oscar Health shoots after Burry’s investment

Oscar Health comes from facing difficulties since his IPO in 2021. However, in the first quarter of 2024 He achieved his first profitable year.

On February 18, the price of their shares rose strongly and, in the premarket session of February 19, The actions extended their climbing, reflecting the confidence in the commitment of the renowned fund manager.

The main reason for the rebound is the purchase of investors who saw an opportunity in the previous fall. February 13, Oscar Health touched its lowest level in 12 months, which led to an adjustment in the assessment and aroused market interest.

Despite presenting results below expectations in its February 4 report, the action captured attention for its recovery potentialespecially after Burry’s investment, which reinforced the perception of growth.

Burry has considerable participation in the company. Depending on the exact moment of purchase in the fourth quarter, the return of its bet could vary within a wide range, highlighting the volatility of this type of operations.