Overall market sentiment has been high on UnitedHealth Group Inc (UNH) stock lately. UNH receives a Bullish rating from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
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 $399.93 as of 2:37 PM on Friday, Apr 30, a drop of -$1.62, or -0.4% from the previous closing price of $401.55. The stock has traded between $398.50 and $401.86 so far today. Volume today is low. So far 915,853 shares have traded compared to average volume of 3,036,215 shares.
To see InvestorsObserver's Sentiment Score for UnitedHealth Group Inc click here.
More About UnitedHealth Group Inc
UnitedHealth Group is the largest private health insurance provider in the United States, providing medical benefits to 48 million members across its U.S. and international businesses at the end of 2020. 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 Score Report on UnitedHealth Group Inc (UNH) Stock.
