UnitedHealth falls
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Key Takeaways UnitedHealth Group shares slid in recent trading Thursday after tumbling Wednesday amid worries about potential cuts to Medicare, and a report accusing the company of paying secret bonuses to nursing homes,
UnitedHealth’s stock was falling Wednesday after HSBC turned bearish, even as the insurer dismissed a report that it paid nursing homes not to transfer residents to hospitals.
Shares of UnitedHealth Group ( UNH -5.75%) plummeted again on Wednesday. The company's stock is down 5.8% as of market close, while the S&P 500 ( ^GSPC -1.61%) and the Nasdaq Composite ( ^IXIC -1.41%) lost 1.6% and 1.4%, respectively.
Insiders are loading up on UNH shares on the recent crash. Analysts see upside in UnitedHealth stock to $413 on average.
U.S. equities were mixed at midday, with the market following the progress of the Republican tax cut and spending bill that could be heading to a vote soon.
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The Wall Street Journal on Wednesday cited people familiar with the matter as saying that the probe has been ongoing since last year.
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However, Insider confidence has lately improved share performance. So, shall we consider investing in the UnitedHealth stock, given recent positive developments? Let’s see – On Monday ...
Christopher Zaetta, UnitedHealth’s chief legal officer, sent a letter to shareholders on Wednesday, encouraging them to approve the compensation package.
UnitedHealth stock was climbing on Friday. It's one of the Dow's 30 constituents, so the rebound is good news for the blue-chip index. It's been a nightmare week for the health insurer. Shares tanked Tuesday after it suspended its guidance and said its CEO would depart,
UnitedHealth has dropped nearly 50% amid headwinds, but strong fundamentals, margin stability, and low valuation signal upside. See why UNH stock is a buy.