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Do Traders Think UnitedHealth Group Inc (UNH) Can Turn Around Tuesday?

Tuesday, March 26, 2024 03:09 PM | InvestorsObserver Analysts

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Do Traders Think UnitedHealth Group Inc (UNH) Can Turn Around Tuesday?

Overall market sentiment has been down on UnitedHealth Group Inc (UNH) stock lately. UNH receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bearish
UnitedHealth Group Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on UNH!

What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With UNH Stock Today?

UnitedHealth Group Inc (UNH) stock is trading at $492.00 as of 3:06 PM on Tuesday, Mar 26, an increase of $6.12, or 1.26% from the previous closing price of $485.88. The stock has traded between $485.23 and $493.34 so far today. Volume today is less active than usual. So far 1,631,566 shares have traded compared to average volume of 3,957,653 shares. To screen for more stocks like UnitedHealth Group Inc click here.

More About UnitedHealth Group Inc

UnitedHealth Group is one of the largest private health insurers, providing medical benefits to 50 million members globally, including 5 million outside the U.S. at the end of 2021. As a leader in employer-sponsored, self-directed, and government-backed insurance plans, UnitedHealth has obtained massive scale in managed care. Along with its insurance assets, UnitedHealth's continued investments in its Optum franchises have created a healthcare services colossus that spans everything from medical and pharmaceutical benefits to providing outpatient care and analytics to both affiliated and third-party customers. Click Here to get the full Stock Report for UnitedHealth Group Inc stock.

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