GoHealth (NASDAQ:GOCO) shares got off to a good start yesterday after rebounding from a recent low, so this could be a good turnaround stock.
GoHealth, Inc shares rose by up to 13% yesterday to take them up more than 25% since bottoming out a few days ago after almost halving last week when the company released its Q2 2021 results. Although the price then fell back to almost close yesterday’s gap, there may still be a case to go for GoHealth stock.
This article tells you where you can buy GoHealth stock and why you might want to. Let’s start with where.
How & Where to Buy Asset Online
You can buy GoHealth stock by easily signing up with one of the following brokers, depositing funds by bank transfer or another convenient method (credit/debit card, maybe PayPal), searching for the stock’s ticker symbol (NASDAQ:GOCO), and submitting a trade ticket.
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What Is GoHealth?
GoHealth, Inc. is a US company that operates in the health insurance market with its Medicare Advantage, MediGap, and Medicare Part D healthcare plans. It was the first private health insurance marketplace to enroll Americans in ObamaCare plans in 2013, but it turned attention to Medicare when the Obama presidency ended.
Should I Buy GoHealth Today?
Although GoHealth shares have been going down since this time last year, therefore the medium-term trend has definitely not been the investor’s friend, the stock price rose substantially in recent days, so it could be considered as a turnaround trade. At the very least, the price might have rebounded from rock bottom.
Buy some GOCO stock now, if you want to, but beware that “bottom fishing” isn’t for the faint-hearted. It’s important to start with a small exploratory stake to see which way it goes next, with a view to pyramiding more funds if the short-term rebound uptrend takes hold.
GoHealth Price Prediction 2021
If the GOCO share price subsequently rises to close last week’s substantial downward gap, it could almost double from the current price to reach $9-per-share.